Trading Edges That Last
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Lawrence's Comment Recap News shock sent cable back down to Y-1 and 100% range expansion. Stops were triggered and led to further downside to Y-2 before support is found. Closed the week ...READ MOREAUDUSD May 22 to May 26 OutlookUSDJPY Jan 07 to Jan 11 OutlookPrecog Vision – Forex 2023-1-4USDCAD May 08 to May 12 OutlookGBPUSD Sep 28 to Oct 02 OutlookIntraday Cycle Projection (GBPUSD) 2018-04-093DP Odds Table (GBPUSD) 2013-10-313DP Odds Table (GBPUSD) 2014-12-02Intraday Cycle Projection (GBPUSD) 2019-02-18USDJPY May 08 to May 12 Outlook
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Lawrence’s Comment
Got the expected selloff to Y-1 early in the week. Instead of staying below Y-1, Cable immediately fended off the selling by forming a 1-2-3 buy there. The FBO against Y-1 gave us a go for Y+1. Got that by the end of the week too. Closed the week near Y+1 and week high.
Outlook
Outside week with close right at the boundary Y+1. It is a bullish reversal without confirmation. Cable may have to retest Y-0 / B-0 to prove its strength before it can push higher from here.
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