Trading Edges That Last
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Lawrence's Comment Recap Consolidation around previous week close / Y+1 as expected. 50% range. Closed the week above Y+1 and midpoint. Outlook Consolidation around Y+1 is bullish. Up channel like behaviour at ...READ MOREHot n Cold (GBPUSD) 2013-1-4AUDUSD Jul 20 to Jul 24 OutlookPrecog Vision – Forex 2023-2-20Intraday Cycle Projection (GBPUSD) 2020-10-22USDCAD Jul 27 to Jul 31 Outlook3DP Odds Table (GBPUSD) 2018-04-12Intraday Cycle Projection (GBPUSD) 2016-09-263DP Odds Table (GBPUSD) 2022-12-203DP Odds Table (GBPUSD) 2019-10-07Intraday Cycle Projection (GBPUSD) 2020-09-28
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GBPUSD Mar 02 to Mar 06 Outlook
Lawrence’s Comment
Pushing higher as expected and get near Y+2 before stalling. Closed the week above Y-0 and near midpoint.
Outlook
Signs of exhaustion in the up trend points to potential consolidation or a steep pullback in the making. Latter case requires Y+1 acting as resistance to send cable back down to Y-1 and the all important 1.53 pocket.
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