Trading Edges That Last
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Lawrence's Comment Recap Gap down to Y-1 giving us the perfect setup to produce the strong daily bottom mentioned last week. Clean reversal with breakout of Y+1 gave us Y+3 easily. Closed ...READ MOREPrecog Vision – Forex 2018-5-233DP Odds Table (GBPUSD) 2012-08-28Precog Vision – Forex 2017-7-28Precog Vision – Forex 2015-9-16Intraday Cycle Projection (GBPUSD) 2022-01-143DP Odds Table (GBPUSD) 2021-08-31Weekly Cycle Projection (GBPUSD) 2017-08-073DP Odds Table (GBPUSD) 2020-11-09USDJPY Apr 25 to Apr 29 OutlookHot n Cold (GBPUSD) 2019-1-4
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GBPUSD Mar 07 to Mar 11 Outlook
Lawrence’s Comment
Rallied back to Y-0 as expected and in fact back up to Y+1 in one swing. Spend the rest of the week consolidating around Y+1.
Outlook
The strength of the pair is clear and a retest of B+1 is very likely early next week. As the first week of March is tight range, if it breaks out to the upside, Y+3 (not shown) target in play.
A w. upthrust against B+1 is a less likely scenario and that will force the pair to move back down to Y-0 to B-1 area.
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