Trading Edges That Last
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Lawrence's Comment Recap Took another 50% expansion to finish majority of the shorts. Ninja reacted to Y+2 and stuck there since. Closed the week above Y+1 and midpoint. Outlook Initial shock and ...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 MORERecap of last week Gap above the resistance area (yellow zone) and sell back down to test the zone from above. Yellow zone acted as support, leading to a ...READ MORELawrence's Comment Recap Started the week testing Y-0 from below and failed to push higher. That gave us a drop to Y-1. FBO at Y-1 sent ninja higher. Found resistance at the ...READ MOREUSDJPY Nov 10 to Nov 14 OutlookWeekly Cycle Projection (GBPUSD) 2019-08-19Precog Vision – Forex 2019-6-183DP Odds Table (GBPUSD) 2013-11-13S&P 500 Week of Dec 13th to DecIntraday Cycle Projection (GBPUSD) 2016-11-24USDJPY Jan 13 to Jan 17 OutlookIntraday Cycle Projection (GBPUSD) 2019-04-30Nasdaq 100 Nov 16 to Nov 20 Outlook3DP Odds Table (GBPUSD) 2011-06-23
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GBPUSD Jun 27 to Jul 01 Outlook
Lawrence’s Comment
Twists and turns in the events leading to Brexit vote caused cable to run the stops above. Due to limited liquidity cable cannot stop its stop run until long term key resistance at 1.50 was tagged. Brexit vote count turned the tide thus giving us equal distance downside target off previous week range. Closed the week near Y-3 and below midpoint.
Outlook
Brexit or not the outcome should still be the same – down, as the one standing to benefit from the fallout of Brexit can only be US. Y-1 / B-0 very strong resistance. Expect more wild rides as margin hikes are reported everywhere.
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