Trading Edges That Last
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Lawrence's Comment Recap Further consolidation around Y-0 area. End of week weaknesses failed to break the Y-1 support. Closed the week near week low and below Y-0. Outlook Inside week from daily up trend ...READ MORELawrence's Comment Recap Cable followed its peers and dropped. Found support at Y-2 and paused. Closed the week below Y-1 and midpoint. Outlook 1.50 key psychological level breached. Cable must snap back ...READ MORELawrence's Comment Recap Got the bottom I was talking about and cable took off to tag Y+2 near the expected upside target for the move. Another easy one for the week. Closed ...READ MORELawrence's Comment Recap Wedge broken to the upside, retest the wedge resistance trend line from above. Strong bounce up to first swing resistance and stalled. Closed the week below Y-1 and near ...READ MOREHot n Cold (GBPUSD) 2022-3-25Precog Vision – Forex 2022-2-3Intraday Cycle Projection (GBPUSD) 2016-09-05Dow 30 Nov 26 to Nov 30 OutlookAUDUSD Jan 21 to Jan 25 OutlookGBPUSD Jan 26 to Jan 30 OutlookGBPUSD Oct 21 to Oct 25 Outlook3DP Odds Table (GBPUSD) 2016-03-25AUDUSD Oct 06 to Oct 10 OutlookWeekly Cycle Projection (GBPUSD) 2019-04-08
As Featured In
GBPUSD Mar 19 to Mar 23 Outlook
Lawrence’s Comment
The less likely scenario happened after a quick break below Y-1, cable bounced back above that quickly. That set the stage to rally back to Y+1. We almost got that by end of the week. Closed the week near the high and above Y-0.
Outlook
The downtrend on 4 hours is broken. That turns Y-1 to B-0 into a strong support zone.
More upside is expected as long as cable trades at or above the support zone.
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