Trading Edges That Last
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Lawrence's Comment Recap Cable reacted strongly to the resistance zone mentioned last week and dropped lower since. Closed the week below Y-0 and at week low. Outlook Inside week down close. Bearish ...READ MORELawrence's Comment Recap Attempt to rally off Y-1 early in the week stopped stone cold at my resistance Y-0 area. Sold off from there and retested Y-1. Closed the week ...READ MOREPrecog Vision – Forex 2016-5-12GBPUSD Sep 29 to Oct 03 Outlook3DP Odds Table (GBPUSD) 2019-01-23EURUSD Nov 19 to Nov 23 OutlookHot n Cold (GBPUSD) 2019-10-43DP Odds Table (GBPUSD) 2021-04-273DP Odds Table (GBPUSD) 2018-09-27Nasdaq 100 Apr 08 to Apr 12 Outlook3DP Odds Table (GBPUSD) 2022-10-313DP Odds Table (GBPUSD) 2020-08-05
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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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