Trading Edges That Last
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Lawrence's Comment Recap Ninja breakdown from 120 support zone led to a flush back down to monthly support 116-117 area. Closed the week below Y-5 and near week low. Outlook More downside ...READ MORELawrence's Comment Recap A pullback was expected and ninja dropped to Y-0 and below support area. Then its inability to clear Y-0 triggered a go for Y-1. Y-1 tagged and failed to ...READ MORES&P 500 Jan 10 to Jan 14 OutlookPrecog Vision – Forex 2016-7-263DP Odds Table (GBPUSD) 2016-06-023DP Odds Table (GBPUSD) 2014-08-06USDJPY Jan 11 to Jan 15 OutlookS&P 500 Dec 05 to Dec 09 Outlook3DP Odds Table (GBPUSD) 2019-05-24USDJPY Oct 13 to Oct 17 Outlook3DP Odds Table (GBPUSD) 2016-06-24Intraday Cycle Projection (GBPUSD) 2020-07-13
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GBPUSD Jul 18 to Jul 22 Outlook
Lawrence’s Comment
Cable held Y-1 and cleared Y-0 for its Brexit low test. Since then Y-0 support sent cable higher until 100% absolute range expansion was reached. Closed the week above Y-0 and near midpoint.
Outlook
Potential inverted head and shoulder in the making if B+1 is cleared with target B+3. As long as B+1 is acting as resistance, continuation to the downside is still likely.
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