Trading Edges That Last
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Lawrence's Comment Recap The breakdown in cable is not a surprise for chart traders given the way it was suppressed at Y-0 / 1.56 area. Breakout target of Y-3 was almost tagged ...READ MORELawrence's Comment Recap Consolidation around previous week close. Found resistance from Y+1 / week mid later in the week. Closed the week above Y-0 and below midpoint. Outlook Potential spike and ledge in place. ...READ MOREIntraday Cycle Projection (GBPUSD) 2019-01-14Precog Vision – Forex 2016-2-26Precog Vision – Forex 2012-12-14Intraday Cycle Projection (GBPUSD) 2021-01-22Hot n Cold (GBPUSD) 2012-11-6USDJPY Jan 08 to Jan 12 OutlookIntraday Cycle Projection (GBPUSD) 2016-06-23Hot n Cold (GBPUSD) 2018-4-20GBPUSD Jan 05 to Jan 09 OutlookDow 30 Jan 06 to Jan 10 Outlook
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GBPUSD Sep 10 to Sep 14 Outlook
Lawrence’s Comment
The more interesting scenario happened. Cable held Y-0, breakout of Y+1 and gave us 1.60 and Y+3 in 1 go. Essentially no heat taken. Cannot ask for anything more than that. Closed the week near week high.
Outlook
1.60 area is long term resistance zone. Tagging it is one thing, breaking above it is another matter.
Consolidation around B-0 to B+1 is likely this week.
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