Trading Edges That Last
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Lawrence's Comment Recap 3 pushes up and a slide back down to 3 pushes up downside target. Holiday trading with very light volume throughout the week. Closed the week below ...READ MORELawrence's Comment Recap Ninja failed to hold its support. The door to Y-1 opened. 100% absolute range expansion ended the drop. Closed the week below Y-0 and midpoint. Outlook A shallow pullback turned into ...READ MOREPrecog Vision – Forex 2021-11-43DP Odds Table (GBPUSD) 2021-12-03S&P 500 Mar 02 to Mar 06 OutlookPrecog Vision – Forex 2014-12-5Dow 30 Jan 14 to Jan 18 Outlook3DP Odds Table (GBPUSD) 2021-01-28Intraday Cycle Projection (GBPUSD) 2011-06-07Dow 30 Jul 09 to Jul 13 OutlookUSDJPY Jun 16 to Jun 20 Outlook3DP Odds Table (GBPUSD) 2012-07-04
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GBPUSD Nov 05 to Nov 09 Outlook
Lawrence’s Comment
Tagged upside target after bounced off Y-0. That played out as expected. Disappointed, however, that cable failed to hold above Y+1 as support and dropped back down to week low. Closed the week near week low and Y-0.
Outlook
The week before last we have rejection of 1.60 which gave us Y+1 and above. Now, it is the opposite – as long as B-0 is acting as resistance, or, if cable dropped quickly below B-1 and that turning into resistance, cable will be forced to drop to B-2 and below.
Sticky situation here as we are also waiting for reactions to US Election results.
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