Trading Edges That Last
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Lawrence's Comment Recap The less likely scenario happened. Free ride from Y-0 to Y-2. Closed the week above Y-1. Outlook The reaction at B-0 points to a retest of B-1. Congestion within B-0 ...READ MORELawrence's Comment Recap Consolidated around Y+1 all week. No real direction. Closed the week below Y+1 and above midpoint. Outlook As mentioned last week, euro on weekly close basis as long as it cannot ...READ MOREIntraday Cycle Projection (GBPUSD) 2018-11-26Precog Vision – Forex 2023-1-25AUDUSD May 09 to May 13 Outlook3DP Odds Table (GBPUSD) 2022-04-27GBPUSD Mar 04 to Mar 08 Outlook3DP Odds Table (GBPUSD) 2018-01-253DP Odds Table (GBPUSD) 2022-04-11Intraday Cycle Projection (GBPUSD) 2015-11-10EURUSD Aug 26 to Aug 30 OutlookHot n Cold (GBPUSD) 2012-10-17
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GBPUSD Sep 01 to Sep 05 Outlook
Lawrence’s Comment
Cable tried to bottom yet not producing a strong reaction at Y-1 to go higher. Instead, it is trapped below the 1.66 key price level mentioned last week. Closed the week above Y+1 and midpoint.
Outlook
A ledge after strong selloff is bearish. A retest of B-1 and below is likely. Until B+1 is cleared we cannot be sure the daily down leg is over.
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