Trading Edges That Last
- You May Also Like
Lawrence's Comment Recap As expected long continuation week for Aussie. Closed the week at week high. Outlook The rally last week was a bit weaker than expected. As all other currencies are ...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 Finally a flush lower was allowed. Y-2 downside target tagged. Then BOJ + Japanese government came out jawboning ninja into reversal. Closed the week above Y-0 and near week ...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 MOREAUDUSD Jun 18 to Jun 22 OutlookPrecog Vision – Forex 2017-11-10USDJPY May 26 to May 30 Outlook3DP Odds Table (GBPUSD) 2019-09-09Precog Vision – Forex 2022-11-3Precog Vision – Forex 2019-10-73DP Odds Table (GBPUSD) 2015-12-07Intraday Cycle Projection (GBPUSD) 2011-06-133DP Odds Table (GBPUSD) 2023-03-063DP Odds Table (GBPUSD) 2016-08-23
As Featured In
GBPUSD May 23 to May 27 Outlook
Lawrence’s Comment
Brexit effect controlling cable all week. FBO Y-1 in the beginning of the week sent cable back up to Y+1. Bull flag on 4 hours pullback to 1.44 round number to form inverse head and shoulder. Breakout of the neckline gave us Y+2. Strong reaction at Y+2 dropped cable back down to midpoint. Close the week above Y-0 and midpoint.
Outlook
Brexit in full force now. Every piece of news can swing cable hard due to reduced liquidity as size players will not bet on the outcome. Wait and see situation here.
Share