Trading Edges That Last
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Lawrence's Comment Recap The pair was doing a standard consolidation below Y+2 and above Y-0 after a strong week. Closed the week at Y+1. Outlook The consolidation points to a retest of B+1 ...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 MORELawrence's Comment Recap Attempt to rally off Y-1 early in the week stopped stone cold at my resistance Y-0 area. Sold off from there and retested Y-1. Closed the week ...READ MOREIntraday Cycle Projection (GBPUSD) 2013-04-12Precog Vision – Forex 2022-8-12USDCAD Aug 15 to Aug 19 OutlookIntraday Cycle Projection (GBPUSD) 2017-01-20Dow 30 Nov 08 to Nov 12 OutlookWeekly Cycle Projection (GBPUSD) 2022-06-06Precog Vision – Forex 2019-10-7Hot n Cold (GBPUSD) 2018-4-203DP Odds Table (GBPUSD) 2012-06-01EURUSD Nov 19 to Nov 23 Outlook
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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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