Trading Edges That Last
- You May Also LikeFor 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 MORE
Lawrence's Comment Recap Gapped below 1.32 and never made it back above. End of week dumping led to normal target Y-2. Closed the week near Y-2 and week low. Outlook More 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 MORELawrence's Comment Recap As expected, the FBO against Y+1 brought us a nice drop back down to Y-1. ES found support at prior intraday double bottom zone and bounced back up to ...READ MOREPrecog Vision – Forex 2016-6-24EURUSD Sep 01 to Sep 05 Outlook3DP Odds Table (GBPUSD) 2017-06-26Intraday Cycle Projection (GBPUSD) 2011-07-28Weekly Cycle Projection (GBPUSD) 2015-01-05Intraday Cycle Projection (GBPUSD) 2016-06-06Weekly Cycle Projection (GBPUSD) 2019-01-21Precog Vision – Forex 2021-12-28S&P 500 Feb 02 to Feb 06 OutlookIntraday Cycle Projection (GBPUSD) 2011-11-07
As Featured In
GBPUSD May 14 to May 18 Outlook
Lawrence’s Comment
News from Europe created a new wave of sell pressure across European currencies against US dollar. Cable was forced to break Y-1 leading to a flush to Y-2. Closed the week at its low and Y-2.
Outlook
Tricky juncture. Potential long term top in the making if Y+1 ended up being retested and rejected in a few weeks.
Next week, as long as B-1 can act as support, a run back up to B+1 is likely.
If cable flush below B-2 early in the week, B-0 will turn into strong resistance zone.
Share