Trading Edges That Last
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Lawrence's Comment Recap Ninja held support, no follow-thru to the downside as expected. A spike back up to Y+1 failed to hold, gave us a drop to Y-0 and eventually Y-1. Closed ...READ MORELawrence's Comment Recap Aussie rising wedge turned into a thin up channel leaning on Y-0 support. Normal upside target Y+2 tagged. Closed the week above Y-0 and below midpoint. Outlook Potential break ...READ MOREFor more information about this report please refer to the Market Bias Informant pageTrading day for Forex symbols start at around 5 pm ET depending on Daylight Saving Time scheduleREAD MORELawrence's Comment Recap FBO against Y+1 and collapsed immediately. Flushed down to below Y-2. Printed almost 200% absolute range expansion before Aussie could bounce. The overshoot both ways scenario unfolded as expected. ...READ MORELawrence's Comment Recap Failed right at the resistance zone mentioned last week and collapsed down to Y-2 target. Bounced from there and tested week mid. Failed to go above week mid and ...READ MORELawrence's Comment Recap News from Europe created a new wave of sell pressure across European currencies against US dollar. Cable was forced to break Y-1 leading to a flush to ...READ MOREPrecog Vision – Forex 2020-4-30USDJPY May 19 to May 23 OutlookAUDUSD Aug 15 to Aug 19 OutlookPrecog Vision – Forex 2017-12-113DP Odds Table (GBPUSD) 2014-09-04AUDUSD Aug 26 to Aug 30 OutlookUSDCAD Nov 08 to Nov 12 OutlookDow 30 Sep 02 to Sep 06 OutlookGBPUSD May 14 to May 18 Outlook3DP Odds Table (GBPUSD) 2017-11-13
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GBPUSD Jul 13 to Jul 17 Outlook
Lawrence’s Comment
Cannot clear previous week close and led to all out selloff down to Y-3 target. Bounced from Y-3 and tested Y-1 from below. Closed the week below Y-1 and above midpoint.
Outlook
As long as Y-1 is capping Cable B-1 will be retested.
Due to the flush low nature last week, a more complex pullback can be in the making with Y-2 / 1.54 being the support to kick start an up drift to challenge B+1 and then Y-0 in coming weeks.
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