Trading Edges That Last
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Lawrence's Comment Recap Loonie continue to strengthen last week. Y+1 was not challenged at all. After breaking below Y-1, a flush to Y-3 materialized. Closed the week near week low ...READ MORELawrence's Comment Recap Failed to hold above Y-1. Drifting around Y-1 all week. Closed the week near week low and below Y-1. Outlook As mentioned in last weekly commentaries on euro, once ...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 MORELawrence's Comment Recap Bullish target above Y+1 tagged in the beginning of the week as expected. Then the surprise part was a quick run down breaking Y-1 in one go. That ...READ MOREUSDCAD Sep 10 to Sep 14 Outlook3DP Odds Table (GBPUSD) 2015-10-23EURUSD Oct 01 to Oct 05 OutlookPrecog Vision – Forex 2021-11-26Dow 30 Jun 06 to Jun 10 Outlook3DP Odds Table (GBPUSD) 2021-10-20Intraday Cycle Projection (GBPUSD) 2018-03-16Intraday Cycle Projection (GBPUSD) 2016-08-08Hot n Cold (GBPUSD) 2011-7-20Intraday Cycle Projection (GBPUSD) 2018-08-13
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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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