Trading Edges That Last
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Lawrence's Comment Recap Breakout to the downside happened right off the start. Easy play for a slide to below Y-2. Cable never quite tagged Y-3 as it bottomed out above it. Closed ...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 Early in the week trying to rally from Y-0 to Y+1 failed. Flushed down to Y-1 instead. FBO against Y-1 gave us the 2nd scenario from last week and ...READ MORELawrence's Comment Recap Flushed to almost Y-2 target at the start of the week. Used up the bias right from the start often points to a reversal. Once NQ pushed above Y-1 ...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 Consolidation in 50% previous week range after wide range week is normal. Closed the week above Y-0 and midpoint. Outlook Ledge on 4 hour points to continuation of 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 MOREGBPUSD Feb 10 to Feb 14 OutlookPrecog Vision – Forex 2015-4-2AUDUSD Feb 25 to Mar 01 OutlookNasdaq 100 Jan 13 to Jan 17 OutlookUSDJPY Sep 06 to Sep 10 OutlookPrecog Vision – Forex 2018-3-26GBPUSD Apr 23 to Apr 27 OutlookIntraday Cycle Projection (GBPUSD) 2016-12-26EURUSD Apr 11 to Apr 15 OutlookPrecog Vision – Forex 2014-5-20
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GBPUSD Mar 25 to Mar 29 Outlook
Lawrence’s Comment
Slow drift back down near Y-0 as expected. Then took off and tagged Y+1. Pushing higher since. Closed the week above Y+1 and midpoint.
Outlook
I was looking for Y+2 by end of week but it did not get there. With the trouble happening in Europe, cannot blame the pair for not moving swiftly against US dollar.
This week will be mainly news / event driven due to the Cyprus issue. If US Fed is going to do something about the situation, cable can zoom above Y+2 / B+2 quickly.
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