Trading Edges That Last
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Lawrence's Comment Recap First test of Y+1 held ninja back. Y-0 acted as support on pullback. 2nd try at Y+1 cleared the resistance. Strong reaction right below 104 sending ninja back down ...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 MORELawrence's Comment Recap Break below Y-1 and that Y-1 turned into resistance, the bearish case unfolded. We got our target of Y-2 by mid week. The tricky part is that 1280 ...READ MORELawrence's Comment Recap Waiting mode in the beginning of the week for Bank of Canada rate decision. The announcement induces the pair to break below its tight range and eventually ...READ MOREEURUSD Apr 13 to Apr 17 OutlookNasdaq 100 Nov 21 to Nov 25 OutlookUSDJPY Dec 16 to Dec 20 Outlook3DP Odds Table (GBPUSD) 2017-05-17Precog Vision – Forex 2017-6-20Precog Vision – Forex 2018-12-20Intraday Cycle Projection (GBPUSD) 2014-08-05S&P 500 Jun 13 to Jun 17 Outlook3DP Odds Table (GBPUSD) 2021-10-05USDCAD Dec 10 to Dec 14 Outlook
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GBPUSD May 12 to May 16 Outlook
Lawrence’s Comment
As expected, Cable has more upside to go and that played out last week. A directional squeeze up to Y+2 near 1.7 finally produced an exhaustion. Cable weaken since and then collapsed when it failed to hold Y+1. Closed the week near Y-0 and week low.
Outlook
Weekly reversal in place. As long as Y+1 is holding cable down, looking for more down side with first target below B-2.
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