Trading Edges That Last
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Lawrence's Comment Recap The more predictable pair as usual. Held Y-0 and rallied to upside target mentioned last week. Not impressive strong run though. Closed the week above Y+1 and near week ...READ MORELawrence's Comment Recap First move taken out 82 early in the week, staged a strong comeback potential. After testing previous week low again, did a 1-2-3 buy and tagged target ...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 MOREIntraday Cycle Projection (GBPUSD) 2011-05-24Precog Vision – Forex 2016-8-26Weekly Cycle Projection (GBPUSD) 2013-04-22Intraday Cycle Projection (GBPUSD) 2021-11-263DP Odds Table (GBPUSD) 2011-05-23GBPUSD Jul 22 to Jul 26 OutlookUSDJPY Mar 07 to Mar 11 OutlookPrecog Vision – Forex 2011-11-253DP Odds Table (GBPUSD) 2020-07-16Nasdaq 100 May 02 to May 06 Outlook
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GBPUSD Sep 30 to Oct 04 Outlook
Lawrence’s Comment
As expected, cable price trapped between Y-1 to Y+1. Attempt to break lower failed then higher high and higher low swinged cable back up to almost Y+1. Closed the week near week high and above Y-0.
Outlook
Potential important swing top in the making. A test of Y+1 or FBO against it will give us a strong breakdown setup with closest target below B-2.
As every country is printing its way out, UK will take advantage of this strength in cable to print more, implying next round of selloff is just around the corner.
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