Trading Edges That Last
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Lawrence's Comment Recap Pullback over first 2 days and then NFP week pattern took over. Closed the week above Y+1 and midpoint. Outlook Thin rising channels do not last. They are also ...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 MOREPrecog Vision – Forex 2017-8-23Precog Vision – Forex 2016-1-263DP Odds Table (GBPUSD) 2016-03-16S&P 500 May 04 to May 08 OutlookAUDUSD Oct 28 to Nov 01 OutlookPrecog Vision – Forex 2015-6-5S&P 500 Nov 10 to Nov 14 OutlookPrecog Vision – Forex 2016-12-28Hot n Cold (GBPUSD) 2022-6-3EURUSD Oct 17 to Oct 21 Outlook
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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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