Trading Edges That Last
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Lawrence's Comment Recap The expectation Euro would be a difficult play was correct. Due to ECB and Greece fighting, Euro spiked up and down depending on the news fed out at the ...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 MORELawrence's Comment Recap Cable ran straight up to Y+2 and then stalled. Then euro zone b.s. kicked in sending it back down to Y-0. Closed the week below midpoint and above ...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 MOREIntraday Cycle Projection (GBPUSD) 2022-04-05EURUSD Feb 09 to Feb 13 OutlookIntraday Cycle Projection (GBPUSD) 2017-09-19USDCAD May 16 to May 20 OutlookPrecog Vision – Forex 2013-1-7Intraday Cycle Projection (GBPUSD) 2013-03-07USDJPY Sep 09 to Sep 13 OutlookGBPUSD Dec 10 to Dec 14 OutlookPrecog Vision – Forex 2022-3-113DP Odds Table (GBPUSD) 2023-05-02
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GBPUSD Mar 16 to Mar 20 Outlook
Lawrence’s Comment
Cable failed to hold Y-1 as expected and dropped to the target zone mentioned last week. It failed to bounce above Y-1, hence the down trend continued until 100% absolute range expansion was reached. Closed the week below Y-2 and near week low.
Outlook
Similar to last week, cable will have a chance to stop its fall if it can make a snap back from the next target zone. This time it will be Y-3 and above Y-4. A spike low from there will allow cable to consolidate around B-1 and the potential to drift back up to B-0.
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