Trading Edges That Last
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Lawrence's Comment Recap Gapped higher at the start of the week and consolidated around Y+1 since. Fed meeting sent gold way higher and Aussie jumped higher in sync. Closed the week below ...READ MORELawrence's Comment Recap Congestion. Stuck at 50% week range around Y+1. Closed the week above Y+1. Outlook Way stronger comparing to Dow or S&P. Definitely bullish as Y+1 was defended. Only way to send ...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 MORE3DP Odds Table (GBPUSD) 2017-07-21Hot n Cold (GBPUSD) 2011-9-21AUDUSD Sep 23 to Sep 27 OutlookHot n Cold (GBPUSD) 2022-9-9Intraday Cycle Projection (GBPUSD) 2022-12-28Nasdaq 100 Jan 16 to Jan 20 OutlookHot n Cold (GBPUSD) 2023-3-103DP Odds Table (GBPUSD) 2021-02-10Intraday Cycle Projection (GBPUSD) 2022-07-08Precog Vision – Forex 2014-4-29
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GBPUSD Nov 19 to Nov 23 Outlook
Lawrence’s Comment
Pure drifting weaknesses. Y-1 acted as resistance yet cable did not drop to Y-2, just drift slowly towards it. Late reversal attempt failed to push cable to close above Y-1. Closed the week above midpoint near Y-1.
Outlook
Potential bottom in the making. Like to see clean breakout above B+1 and that the zone B-0 to B+1 turning into support for swing long.
Failing to breakout above B+1 points to further weaknesses.
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