Trading Edges That Last
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Lawrence's Comment Recap Another easy play last week was NQ. Flushed to below Y-2 until 100% range expansion. Bounced back up to week high and found resistance there. Enough dip buyers fried ...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 MOREAUDUSD Aug 02 to Aug 06 OutlookUSDJPY Mar 12 to Mar 16 OutlookNasdaq 100 Mar 31 to Apr 04 OutlookIntraday Cycle Projection (GBPUSD) 2013-09-16Precog Vision – Forex 2015-4-223DP Odds Table (GBPUSD) 2022-06-27AUDUSD Jan 17 to Jan 21 Outlook3DP Odds Table (GBPUSD) 2013-08-12Intraday Cycle Projection (GBPUSD) 2017-03-203DP Odds Table (GBPUSD) 2019-06-04
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GBPUSD Nov 03 to Nov 07 Outlook
Lawrence’s Comment
Y+1 rejected with a clean drop below Y-1. End of week shock from BOJ stopped the downward move somehow without expanding to Y-2. Closed the week near Y-1 and below midpoint.
Outlook
BOJ’s action is causing a shock and it will take a few days before the majors can find the right responses.
Chart pattern suggests that B-0 resistance with Y-3 / B-2 still in play.
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