Trading Edges That Last
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Lawrence's Comment Recap We got the pop expected from last week. Tagged resistance zone and stalled. Closed the week at Y-0 and above midpoint. Outlook Inside week. Holding Y-0 as expected. It is important ...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 Multiple gap down early in the week was defended at Y-0. Eventually, breakout of the bull flag and led to a run to target above Y+1. Reverse waterfall effect ...READ MORELawrence's Comment Recap More weaknesses as expected with Y-0 resistance worked out perfectly. Flushed down to below Y-2 target. Closed the week below Y-2 and midpoint. Outlook Cable is simply playing catch ...READ MOREPrecog Vision – Forex 2020-11-26AUDUSD Dec 28 to Jan 01 OutlookUSDJPY Aug 19 to Aug 23 OutlookPrecog Vision – Forex 2018-7-173DP Odds Table (GBPUSD) 2018-07-02Precog Vision – Forex 2014-3-4Dow 30 Mar 21 to Mar 25 OutlookUSDJPY Nov 30 to Dec 04 OutlookS&P 500 Jul 30 to Aug 03 OutlookGBPUSD Aug 18 to Aug 22 Outlook
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GBPUSD May 23 to May 27 Outlook
Lawrence’s Comment
Brexit effect controlling cable all week. FBO Y-1 in the beginning of the week sent cable back up to Y+1. Bull flag on 4 hours pullback to 1.44 round number to form inverse head and shoulder. Breakout of the neckline gave us Y+2. Strong reaction at Y+2 dropped cable back down to midpoint. Close the week above Y-0 and midpoint.
Outlook
Brexit in full force now. Every piece of news can swing cable hard due to reduced liquidity as size players will not bet on the outcome. Wait and see situation here.
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