Trading Edges That Last
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Lawrence's Comment Recap As expected, the FBO mentioned last week gave us a drop back down to Y-0 and then Y-1. That turned Y-0 into strong resistance. Retest of Y-0 failed. ES ...READ MORENot sure what to expect from the election but the outcome from that can be major game changing event in how dollar yen will move in coming months. In turn, ...READ MORELawrence's Comment Recap As expected, Aussie stalled at the resistance mentioned last week and flushed back down to below Y-1. Closed the week near week low and below Y-1. Outlook Aussie has dropped relatively ...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 MORES&P 500 Sep 29 to Oct 03 OutlookJapan Election 2012 December 16th3DP Odds Table (GBPUSD) 2015-06-24AUDUSD Jul 01 to Jul 05 OutlookGBPUSD Jan 04 to Jan 08 OutlookUSDCAD May 03 to May 07 OutlookPrecog Vision – Forex 2011-10-3Intraday Cycle Projection (GBPUSD) 2020-12-04AUDUSD Mar 19 to Mar 23 OutlookUSDJPY Nov 25 to Nov 29 Outlook
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GBPUSD Jul 18 to Jul 22 Outlook
Lawrence’s Comment
Cable held Y-1 and cleared Y-0 for its Brexit low test. Since then Y-0 support sent cable higher until 100% absolute range expansion was reached. Closed the week above Y-0 and near midpoint.
Outlook
Potential inverted head and shoulder in the making if B+1 is cleared with target B+3. As long as B+1 is acting as resistance, continuation to the downside is still likely.
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