Trading Edges That Last
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Lawrence's Comment Recap Consolidation around previous week close. Y-0 acted as support. Closed the week above Y-0 and midpoint. Outlook Consolidation instead of pullback from blowoff action is bullish. This points to ...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 MORE3DP Odds Table (GBPUSD) 2016-09-05Precog Vision – Forex 2014-5-21Precog Vision – Forex 2014-7-10Precog Vision – Forex 2017-2-163DP Odds Table (GBPUSD) 2011-08-09USDJPY Sep 29 to Oct 03 OutlookS&P 500 Feb 28 to Mar 04 OutlookAUDUSD Oct 30 to Nov 03 OutlookPrecog Vision – Forex 2017-9-5Hot n Cold (GBPUSD) 2021-5-14
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GBPUSD Nov 11 to Nov 15 Outlook
Lawrence’s Comment
Strong reaction to Y-1 as expected. Bounced all the way back to Y-0 and more. 1.61 breakdown level retested and stopped the run. First test led to a drop back down to the midpoint for the week. 2nd attempt led to a break of the midpoint. Closed the week below Y-0 and near midpoint.
Outlook
The normal bounce and failure attempts to go higher are in place. As long as Y-0 to B+1 acting as resistance, looking for retest of B-1. A break of B-1 can lead to a very significantly change in outlook on weekly and monthly.
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