Trading Edges That Last
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Lawrence's Comment Recap Got Y-2 as expected. Intervention type news shock from there is also expected. Closed near the high of the week and above Y-0. Outlook euro has not snapped out of ...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 MOREUSDCAD Oct 03 to Oct 07 OutlookPrecog Vision – Forex 2021-10-15USDJPY Apr 27 to May 01 OutlookEURUSD Jul 02 to Jul 06 OutlookPrecog Vision – Forex 2012-4-27Hot n Cold (GBPUSD) 2012-10-23EURUSD Jun 18 to Jun 22 Outlook3DP Odds Table (GBPUSD) 2016-03-22Intraday Cycle Projection (GBPUSD) 2018-07-02Intraday Cycle Projection (GBPUSD) 2015-01-02
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GBPUSD May 20 to May 24 Outlook
Lawrence’s Comment
Downside bias worked out with Y-2 tagged mid week. Bounced off Y-2 and failed to clear Y-1. Closed the week at week low and Y-2.
Outlook
US dollar has strengthen to the point that it is showing up on weekly now. That translate to more weaknesses overall to other currencies. Cable will have a hard time bottoming until US dollar index finds its weekly resistance which is not close by.
This week B-2 is next downside target.
The rare case scenario is that we get a spike low above B-2 and snap back up above B-0, that will force a squeeze back up to Y-0.
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