Trading Edges That Last
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Lawrence's Comment Recap Just like Dow, everything was pointing to lower prices, yet Y-1 was rejected forcefully in the beginning of the week. That gave us a clue that there ...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 Euro was dragged below 1.36 finally. However, no spectacular reversal or major melt down from tagging 1.36. Closed the week above Y-1 and near midpoint. Outlook As long as B-1 holds, ...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 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 As expected, more downside. Y-0 resistance sent this down to almost Y-3. Resistance trend line break gave us a bear flag / up channel back up above Y-1. Closed ...READ MORE3DP Odds Table (GBPUSD) 2018-01-26Nasdaq 100 Sep 10 to Sep 14 OutlookPrecog Vision – Forex 2014-3-123DP Odds Table (GBPUSD) 2015-02-03EURUSD Jun 02 to Jun 06 OutlookPrecog Vision – Forex 2014-2-11Precog Vision – Forex 2016-5-23Precog Vision – Forex 2021-2-8USDCAD Apr 14 to Apr 18 Outlook3DP Odds Table (GBPUSD) 2021-07-09
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GBPUSD Feb 01 to Feb 05 Outlook
Lawrence’s Comment
Cable found support at Y-0 for a test of Y+1. Y+1 resistance on first try and sent cable back down to Y-0. Second attempt at Y+1 led to FBO and sent cable back down to week low. Closed the week near Y-0 and below midpoint.
Outlook
Reversal attempt on daily level failed. 4 Hour up channel / bear flag last week points to retest of Y-1 in the making. As long as B-0 / Y-0 zone acting as resistance B-2 in play.
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