Trading Edges That Last
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Lawrence's Comment Recap Nasdaq has a cleaner failed breakout than Dow early in the week. Yet it did not drop to Y-1 at all, until euro zone news shock sending ...READ MOREPrecog Vision – Forex 2015-6-23DP Odds Table (GBPUSD) 2013-08-05S&P 500 Oct 16 to Oct 20 OutlookIntraday Cycle Projection (GBPUSD) 2022-08-093DP Odds Table (GBPUSD) 2016-01-06Nasdaq 100 Jun 04 to Jun 08 Outlook3DP Odds Table (GBPUSD) 2022-01-19Dow 30 May 09 to May 13 OutlookS&P 500 Jun 27 to Jul 01 OutlookHot n Cold (GBPUSD) 2015-10-23
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GBPUSD Oct 05 to Oct 09 Outlook
Lawrence’s Comment
Cable consolidated around previous week close in extreme tight range. Not even 50% previous week range was made. Closed the week near Y-1 and midpoint.
Outlook
Consolidation in tight range after wide range week often points to continuation. Y-1 / B-0 support can send cable higher to B+2 / Y-0 but that will not change the bearish formation on daily. Long term support at 1.5 will be the more important decision zone.
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