Trading Edges That Last
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Lawrence's Comment Recap Failed to clear resistance mentioned last week. Tagged Y-2 downside target by end of the week. No surprise and easy week. Closed the week near week low and Y-2. Outlook Slow ...READ MORELawrence's Comment Recap As mentioned last week, once 2350 is taken out, 50% upside range expansion is expected and that is 2380 area. All attempts to stop the rally in ...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 MORE3DP Odds Table (GBPUSD) 2022-03-25Nasdaq 100 May 09 to May 13 OutlookPrecog Vision – Forex 2020-9-1EURUSD Apr 23 to Apr 27 Outlook3DP Odds Table (GBPUSD) 2018-12-12Precog Vision – Forex 2018-7-25EURUSD May 20 to May 24 OutlookIntraday Cycle Projection (GBPUSD) 2013-09-27Nasdaq 100 Feb 14 to Feb 18 OutlookPrecog Vision – Forex 2021-3-16
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GBPUSD Sep 02 to Sep 06 Outlook
Lawrence’s Comment
Failed to challenge Y-0, bias for the week to tag Y-2 materialized. At 100% absolute range expansion, cable found support and bounced back up. Closed the week below Y-1 and midpoint.
Outlook
The obsession with 1.50 continues. To turn bullish, need to see cable move above Y-1 and then 1.50 / B-0 zone acting as support, that will be a good platform for a run to at least B+1.
As long as Y-1 acting as resistance, further downside in play.
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