Trading Edges That Last
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Lawrence's Comment Recap The other easy play last week. Euro could not push higher 1st half of the week. Once week low at the time was broken, euro dropped down to the ...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 MOREHot n Cold (GBPUSD) 2016-2-193DP Odds Table (GBPUSD) 2015-01-12EURUSD Dec 04 to Dec 08 OutlookEURUSD Mar 24 to Mar 28 Outlook3DP Odds Table (GBPUSD) 2013-09-173DP Odds Table (GBPUSD) 2017-03-30Intraday Cycle Projection (GBPUSD) 2018-03-14Intraday Cycle Projection (GBPUSD) 2016-12-063DP Odds Table (GBPUSD) 2021-03-01Precog Vision – Forex 2016-9-20
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GBPUSD Jul 22 to Jul 26 Outlook
Lawrence’s Comment
The more predictable pair as usual. Held Y-0 and rallied to upside target mentioned last week. Not impressive strong run though. Closed the week above Y+1 and near week high.
Outlook
The run is not strong enough to clear the resistance but it is also not weak enough to be considered as a false breakout. Clear rising wedge pattern suggests potential FBO in the making if Cable breaks below B-0 quickly, a retest of B-1 and flushing down to B-2 likely.
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