Trading Edges That Last
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Lawrence's Comment Recap Consolidation play earlier part of the week with Y-1 support. Later in the week trouble in Yemen led to break down play which doubled the range for the week. ...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 MOREUSDJPY Mar 30 to Apr 03 Outlook3DP Odds Table (GBPUSD) 2013-08-12Intraday Cycle Projection (GBPUSD) 2017-03-093DP Odds Table (GBPUSD) 2020-09-24Precog Vision – Forex 2022-3-93DP Odds Table (GBPUSD) 2014-01-24Intraday Cycle Projection (GBPUSD) 2022-06-06EURUSD Jan 10 to Jan 14 OutlookIntraday Cycle Projection (GBPUSD) 2022-09-28AUDUSD Jul 23 to Jul 27 Outlook
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GBPUSD Oct 05 to Oct 09 Outlook
Lawrence’s Comment
Cable consolidated around previous week close in extreme tight range. Not even 50% previous week range was made. Closed the week near Y-1 and midpoint.
Outlook
Consolidation in tight range after wide range week often points to continuation. Y-1 / B-0 support can send cable higher to B+2 / Y-0 but that will not change the bearish formation on daily. Long term support at 1.5 will be the more important decision zone.
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