Trading Edges That Last
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Lawrence's Comment Recap More downside as expected. Intervention by ECB resulted in a squeeze that closed the week at midpoint. Outlook Money is leaving EU and no long term investors want to ...READ MORELawrence's Comment Recap Sold off early in the week holding Y-1 and immediately retested Y+1. Midweek selloff produced a higher low and by Friday, broke out above Y+1 and tagged ...READ MORELawrence's Comment Recap Held near Y+1 and previous week close to stage a trap for the bears. That was enough to cause a short squeeze up to my upside target zone. Bulls ...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 MOREGBPUSD Feb 20 to Feb 24 OutlookWeekly Cycle Projection (GBPUSD) 2016-08-01Dow 30 Oct 24 to Oct 28 OutlookS&P 500 Feb 18 to Feb 22 OutlookHot n Cold (GBPUSD) 2012-9-28EURUSD Apr 27 to May 01 OutlookIntraday Cycle Projection (GBPUSD) 2019-01-093DP Odds Table (GBPUSD) 2022-08-01Precog Vision – Forex 2016-6-22Precog Vision – Forex 2011-3-7
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GBPUSD May 19 to May 23 Outlook
Lawrence’s Comment
Easy play of the week. Stopped at resistance mentioned last week and flushed down to Y-2 1st target below. Closed the week below Y-1 and near midpoint.
Outlook
As long as Y-1 / B-0 acting as resistance, retest of B-1 likely.
A break of B-1 will give us another clean flush to B-2.
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