Trading Edges That Last
- You May Also Like
Lawrence's Comment Recap Started the week holding Y-0. Upside breakout tagged target Y+2 and stalled. Struggled to hold Y+1 since. Closed the week above Y+1 and near midpoint. Outlook 1.13 and above ...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 MOREIntraday Cycle Projection (GBPUSD) 2019-10-03USDCAD Oct 20 to Oct 24 OutlookHot n Cold (GBPUSD) 2018-12-21Precog Vision – Forex 2017-6-123DP Odds Table (GBPUSD) 2021-02-16Hot n Cold (GBPUSD) 2015-4-10Weekly Cycle Projection (GBPUSD) 2019-10-07Intraday Cycle Projection (GBPUSD) 2012-08-31Precog Vision – Forex 2012-1-2GBPUSD Jan 02 to Jan 06 Outlook
As Featured In
GBPUSD May 26 to May 30 Outlook
Lawrence’s Comment
Opened holding above the resistance mentioned last week. Cable has no choice but squeezed back up to Y+1. Rejected by Y+1, sending it back down to Y-0 again. Closed the week near Y-0 and below midpoint.
Outlook
Y+1 rejected decisively creating a strong resistance from Y-0 to B-0. Continuation selloff points to B-3 in play as long as B-0 can cap any bounce.
Share