Trading Edges That Last
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Lawrence's Comment Recap More downside as expected. 50% range bounded the price actions. Closed the week near Y-1 and midpoint. Outlook Consolidation around Y-1 points to continuation of current trend likely. So ...READ MORELawrence's Comment Recap Upside breakout. Just like any normal breakout, it got the normal target of Y+3 and pullback since. Closed the week near Y+2 and above midpoint. Outlook Election result is ...READ MORELawrence's Comment Recap Steady decline from below Y-0 resistance. Testing long term support 1.12 from below and failed to clear it. Closed the week below Y-1 and near week low. Outlook Down ...READ MORELawrence's Comment Recap As mentioned last week, downtrend has established. Resistance zone worked out as expected, sending Aussie down to Y-5. Outlook Downtrend intact. The range expansion from last week created an oversold ...READ MOREEURUSD Nov 02 to Nov 06 Outlook3DP Odds Table (GBPUSD) 2018-02-07USDJPY Dec 17 to Dec 21 Outlook3DP Odds Table (GBPUSD) 2013-02-253DP Odds Table (GBPUSD) 2019-09-10EURUSD May 30 to Jun 03 OutlookAUDUSD Sep 26 to Sep 30 Outlook3DP Odds Table (GBPUSD) 2021-06-113DP Odds Table (GBPUSD) 2014-01-23Nasdaq 100 Apr 17 to Apr 21 Outlook
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GBPUSD May 25 to May 29 Outlook
Lawrence’s Comment
Pullback to support zone mentioned last week as expected. Attempt to bounce back up failed to clear 1.57 weekly resistance. Closed the week below Y-0 and midpoint.
Outlook
Inside down week with midpoints near each other is mildly bearish. It points to test of Y-1 likely. A break of Y-1 points to gap fill of the open gap below which also ends the cable weekly up trend.
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