Trading Edges That Last
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Lawrence's Comment Recap Not only Dow fulfilled our upside target of 12000 mentioned last week, it actually completed 100% absolute range expansion before stalling. Closed the week near the high of ...READ MORELawrence's Comment Recap Bounced back up to Y-0 as expected. How it was done was interesting as speculations now building up whether the new BOE will behave significantly different from the old ...READ MORE3DP Odds Table (GBPUSD) 2015-05-273DP Odds Table (GBPUSD) 2018-10-153DP Odds Table (GBPUSD) 2012-07-02Precog Vision – Forex 2021-4-8Dow 30 Oct 31 to Nov 04 OutlookIntraday Cycle Projection (GBPUSD) 2018-09-06Intraday Cycle Projection (GBPUSD) 2011-06-14GBPUSD Jul 15 to Jul 19 OutlookHot n Cold (GBPUSD) 2013-11-1Hot n Cold (GBPUSD) 2012-9-13
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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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