Trading Edges That Last
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Lawrence's Comment Recap More downside as expected. Intervention by ECB resulted in a squeeze that closed the week at midpoint. Outlook Money is leaving EU and no long term investors want to ...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 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 MOREUSDCAD May 31 to Jun 04 OutlookPrecog Vision – Forex 2023-1-20GBPUSD Feb 20 to Feb 24 OutlookEURUSD Aug 10 to Aug 14 OutlookPrecog Vision – Forex 2017-2-3Hot n Cold (GBPUSD) 2013-5-17Precog Vision – Forex 2018-7-163DP Odds Table (GBPUSD) 2021-12-28USDCAD Jun 13 to Jun 17 OutlookPrecog Vision – Forex 2020-8-11
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GBPUSD Jun 24 to Jun 28 Outlook
Lawrence’s Comment
As expected a rounding top that FBO against Y+1 and gave us Y-1 easily. The bonus is the move down to Y-2 to end the week. Closed the week near week low and below Y-1.
Outlook
Outside week with close below Y-1 is a strong bearish setup for more downside. As long as Y-1 acting as resistance B-2 in play.
The implication of the potential move is an interesting one though as what can drive Cable dropping another 200 pips this quickly?
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