Trading Edges That Last
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Lawrence's Comment Recap As expected, breaching Y-1 induced buying enough to take out Y-0 quickly. That was the easy part. But then cable failed to push beyond the double bottom target visible ...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 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 Wait and see mode as mentioned last week. Previous week close acted as support sending ninja back up to Y-0 and then back up to the crime scene right ...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 MOREGBPUSD Jun 03 to Jun 07 OutlookIntraday Cycle Projection (GBPUSD) 2021-06-10Precog Vision – Forex 2012-2-1Precog Vision – Forex 2017-12-12Weekly Cycle Projection (GBPUSD) 2021-05-273DP Odds Table (GBPUSD) 2020-06-08S&P 500 Mar 28 to Apr 01 Outlook3DP Odds Table (GBPUSD) 2017-08-30USDJPY Sep 14 to Sep 18 OutlookPrecog Vision – Forex 2020-10-7
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GBPUSD Jul 15 to Jul 19 Outlook
Lawrence’s Comment
Bounced back up to Y-0 as expected. How it was done was interesting as speculations now building up whether the new BOE will behave significantly different from the old BOE. Cable went all the way back up to the original down channel resistance and broken that to the upside. Closed the week above Y-0 and midpoint.
Outlook
Bullish setup for the coming week as the down channel is now officially below the weekly close. As long as cable can hold B-0, a push above B+1 and and Y+1 is likely.
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