Trading Edges That Last
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Lawrence's Comment Recap As explained last week, do not confuse volatility as strength. Y-0 breached quickly led to Y-1 test in play. Y-0 turned into resistance since. Y-1 could not even stop ...READ MORELawrence's Comment Recap Trapped inside previous week range until news shock. FBO on 4 hour against breakout upside boundary. Closed the week above Y-0 and midpoint. Outlook FBO setup points to potential ...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 MOREPrecog Vision – Forex 2011-4-3USDJPY Nov 14 to Nov 18 OutlookPrecog Vision – Forex 2019-10-7EURUSD Jul 20 to Jul 24 OutlookAUDUSD Jun 22 to Jun 26 Outlook3DP Odds Table (GBPUSD) 2022-04-26USDJPY Jun 13 to Jun 17 OutlookPrecog Vision – Forex 2018-1-153DP Odds Table (GBPUSD) 2022-07-133DP Odds Table (GBPUSD) 2019-03-29
As Featured In
GBPUSD Aug 27 to Aug 31 Outlook
Lawrence’s Comment
Breakout to the upside. Destroyed the wedge formation. This kind of breakout usually gives us an explosive move and it has not failed us this time. A quick run to Y+4 before pullback to midpoint of the week to close.
Outlook
A retest of B+1 is likely. From there if no renew buying coming in, can easily fall back down to B-1.
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