Trading Edges That Last
- You May Also Like
Lawrence's Comment Recap Cable tried to bottom yet not producing a strong reaction at Y-1 to go higher. Instead, it is trapped below the 1.66 key price level mentioned last week. 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 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) 2018-10-05Intraday Cycle Projection (GBPUSD) 2017-05-16Intraday Cycle Projection (GBPUSD) 2023-02-27GBPUSD Sep 01 to Sep 05 OutlookMBO Issue 64 (Apr 2017) We Don’t KnowPrecog Vision – Forex 2013-1-9Precog Vision – Forex 2023-3-22Weekly Cycle Projection (GBPUSD) 2012-10-08Hot n Cold (GBPUSD) 2017-2-17Intraday Cycle Projection (GBPUSD) 2013-09-19
As Featured In
GBPUSD May 02 to May 06 Outlook
Lawrence’s Comment
Upside breakout of Y+1 confirmed the bullish scenario with Y+2 tagged. Consolidation since. Closed the week near Y+2 and above midpoint.
Outlook
Rising wedge potential means a break of the support line will easily send cable back down to B-1. Cable is entering the highest risk time window now as Brexit vote is too close to ignore. Beware of news shock everyday.
Share