Trading Edges That Last
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Lawrence's Comment Recap Cable dropped to Y-0 and bounced. Breached Y+1 but failed to hold above. That sent cable down to Y-1 in 1 go. Bounced from Y-1 but no longer able ...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 Y-0 cleared from below, gave us reason to go long and Y+1 was cleared with minimal effort. Y+2 normal target reached. Closed the week below Y+2 and above midpoint. Outlook Strange ...READ MOREIntraday Cycle Projection (GBPUSD) 2017-02-09S&P 500 Sep 18 to Sep 22 OutlookAUDUSD Mar 30 to Apr 03 OutlookPrecog Vision – Forex 2013-11-25GBPUSD Dec 22 to Dec 26 OutlookDow 30 Apr 11 to Apr 15 Outlook3DP Odds Table (GBPUSD) 2013-09-09Precog Vision – Forex 2013-4-10EURUSD Apr 14 to Apr 18 OutlookIntraday Cycle Projection (GBPUSD) 2016-09-23
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GBPUSD Jul 14 to Jul 18 Outlook
Lawrence’s Comment
Consolidation as expected. 50% range. Closed the week above Y-0 and below midpoint.
Outlook
Inside week with a mildly weak close points to retest of B-1 likely. That can open the door to further pullback down to B-2. This is just normal pullback actions to find acceptance at the current price level.
Only if B-1 is breached forcefully with flush action down to B-3 that we can consider the past 2 weeks a weekly level FBO. If that is the case, cable has run its bullish course on weekly.
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