Trading Edges That Last
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Lawrence's Comment Recap A higher high and higher low on weekly finally formed. Outlook As long as Y-1 acts as support, we have a confirmed long term bottom for the pair in ...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 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 2014-2-183DP Odds Table (GBPUSD) 2020-06-08USDJPY Nov 28 to Dec 02 OutlookHot n Cold (GBPUSD) 2012-10-26Intraday Cycle Projection (GBPUSD) 2015-04-01AUDUSD May 10 to May 14 OutlookIntraday Cycle Projection (GBPUSD) 2015-06-11Precog Vision – Forex 2017-12-21Precog Vision – Forex 2017-7-19Hot n Cold (GBPUSD) 2019-10-4
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GBPUSD May 02 to May 06 Outlook
Lawrence’s Comment
Unfolded exactly as mentioned last week. Consolidation within the prescribed range. A breakout of Y+1 leads to doubling the week’s range.
Outlook
As long as B-0 acts as support, Y+2 to B+2 will be tagging early next week.
The more interesting scenario is that B+1 acting as resistance and send the pair down below B-0. If that happens, B-1 will be easily broken with a target of B-2.
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