Trading Edges That Last
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Lawrence's Comment Recap NQ held previous week close and rallied off there right from the start of the week. As the strongest of the 3 indices, it tagged Y+2 by ...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 MOREPrecog Vision – Forex 2016-4-22Nasdaq 100 Sep 19 to Sep 23 OutlookIntraday Cycle Projection (GBPUSD) 2016-05-16Precog Vision – Forex 2021-9-8Dow 30 Feb 08 to Feb 12 Outlook3DP Odds Table (GBPUSD) 2012-03-05Intraday Cycle Projection (GBPUSD) 2014-09-10EURUSD Mar 07 to Mar 11 OutlookEURUSD Mar 19 to Mar 23 Outlook3DP Odds Table (GBPUSD) 2019-10-07
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GBPUSD Mar 09 to Mar 13 Outlook
Lawrence’s Comment
The breakdown play worked out. Cable cleared 1.53 quickly and dropped down to Y-2 for a pause. That did not last long and cable just break down at the end. Closed the week below Y-3 and at week low.
Outlook
Momentum so strong rarely just stop there so more downside is expected. Very difficult to tell if 1.50 will unlock more stops or not. If cable manages to spike low below Y-4 and snap back above B-1, cable will likely consolidate in tight range for the rest of the week.
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