Trading Edges That Last
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Lawrence's Comment Recap Tagged our downside target at Y-2 early in the week. Since then it is pure consolidation. The twist came on Friday as various global issues and economic ...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 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 Drifted near B-1 as mentioned last week. That led to a flush below Y-1. Yet news shock from euro zone changed its course and forced a reversal ...READ MORE3DP Odds Table (GBPUSD) 2019-06-27Precog Vision – Forex 2022-9-1Nasdaq 100 Apr 16 to Apr 20 OutlookIntraday Cycle Projection (GBPUSD) 2022-08-16Precog Vision – Forex 2015-5-203DP Odds Table (GBPUSD) 2022-03-153DP Odds Table (GBPUSD) 2011-05-18Precog Vision – Forex 2022-1-7GBPUSD Jul 02 to Jul 06 OutlookWeekly Cycle Projection (GBPUSD) 2017-09-25
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GBPUSD Sep 19 to Sep 23 Outlook
Lawrence’s Comment
Mentioned to avoid this pair last week. And here it is, in tight range consolidation with no direction at all. Closed the week below Y-1.
Outlook
The sideline movement has actually helped cable to break above its down channel without giving us any hint of direction (bravo!).
The down channel resistance line dropped to B-1 area . If a retest of B-1 resulted in a bounce taking out B+1, expect a strong rally to tag at least B+3.
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