Trading Edges That Last
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Lawrence's Comment Recap Similar to Cable, failing to clear previous week close led to a flush down to almost Y-3. Intervention happened and ninja went straight back up to Y-0. Closed the ...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 MORERecap of last week Tested resistance level (yellow zone) and then slide down to 50% of the week before. Congestion was expected due to huge directional swings over the ...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 MOREHot n Cold (GBPUSD) 2016-6-17Hot n Cold (GBPUSD) 2011-10-18Precog Vision – Forex 2022-8-29USDJPY Jul 13 to Jul 17 OutlookPrecog Vision – Forex 2018-12-20EURUSD Week of Dec 13th to Dec 17thPrecog Vision – Forex 2014-4-2Intraday Cycle Projection (GBPUSD) 2018-12-20Dow 30 Aug 12 to Aug 16 OutlookDow 30 Jul 30 to Aug 03 Outlook
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GBPUSD Sep 03 to Sep 07 Outlook
Lawrence’s Comment
Tried to break Y-0 twice and failed. That staged the rally to test Y+1 as expected. Closed the week below Y+1 as an inside week.
Outlook
Same as last week, if test of Y+1 / B+1 area resulting in a selloff, cable should drop down to B-2 as a minimum.
The more interesting setup is a breakout to the upside, which will push cable to the 1.60 area in one go.
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