Trading Edges That Last
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Lawrence's Comment Recap Y-0 did not hold the price up yet the flush could not breach Y-1 either. The reversal from below Y-0 gave up before Y+1 was tagged 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 MORE3DP Odds Table (GBPUSD) 2013-08-05AUDUSD Oct 29 to Nov 02 OutlookUSDCAD Jan 30 to Feb 03 Outlook3DP Odds Table (GBPUSD) 2012-04-183DP Odds Table (GBPUSD) 2014-11-04Intraday Cycle Projection (GBPUSD) 2017-09-27S&P 500 May 23 to May 27 Outlook3DP Odds Table (GBPUSD) 2011-09-26Precog Vision – Forex 2021-11-10GBPUSD Apr 20 to Apr 24 Outlook
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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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