Trading Edges That Last
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Lawrence's Comment Recap 1-2-3 rejection of Y-1 on 4 hour sent cable back up to above Y+1. Minimal pullback and another push to Y+2 before cable can stop. Closed the week above ...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 Y-1 support clearly holding the pair up for the week. Consolidation around previous week close. Closed the week below Y-0 and midpoint. Outlook A irregular down channel in place ...READ MOREIntraday Cycle Projection (GBPUSD) 2015-11-16Dow 30 Jan 09 to Jan 13 OutlookGBPUSD Feb 09 to Feb 13 Outlook3DP Odds Table (GBPUSD) 2023-03-203DP Odds Table (GBPUSD) 2023-04-07Precog Vision – Forex 2021-9-28S&P 500 Oct 01 to Oct 05 OutlookIntraday Cycle Projection (GBPUSD) 2022-06-17USDCAD Nov 17 to Nov 21 Outlook3DP Odds Table (GBPUSD) 2019-02-25
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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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