Trading Edges That Last
- You May Also LikeFor 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 MORE
Recap of Last Week Stalled from weekly open range established on Monday, failed to hold prior week high on 2nd try, leads to a quick drop towards prior week ...READ MORELawrence's Comment Recap Selling could not happen as NFP week bias kicked in. FBO against Y-1 gave us Y-0 and then Y+1 before NFP Friday. By Friday, the surprise is over and ...READ MORELawrence's Comment Recap As expected a rounding top that FBO against Y+1 and gave us Y-1 easily. The bonus is the move down to Y-2 to end the week. Closed the week ...READ MORE3DP Odds Table (GBPUSD) 2023-05-023DP Odds Table (GBPUSD) 2022-06-10Precog Vision – Forex 2018-6-203DP Odds Table (GBPUSD) 2012-10-25USDCAD Aug 14 to Aug 18 OutlookIntraday Cycle Projection (GBPUSD) 2015-12-24S&P 500 Dec 20th to Dec 24th OutlookAUDUSD Aug 05 to Aug 09 OutlookDow 30 May 05 to May 09 OutlookGBPUSD Jun 24 to Jun 28 Outlook
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GBPUSD Jul 08 to Jul 12 Outlook
Lawrence’s Comment
Still the best pair to swing trade. Failed to clear Y-0 midweek gave us a low risk ride down to Y-2 target. The nice surprise was that it flushed down to Y-3. Closed the week near Y-3 and week low.
Outlook
Down channel selloff overshoot. Cable has now snapped out of the down channel and will be unstable this week. Wild swing back up to Y-2 / B-0 and flush down to Y-4 cannot be ruled out. All this is still within the context of a wild consolidation week around B-1.
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