Trading Edges That Last
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Lawrence's Comment Recap Consolidated around B+1 as expected. The breakout to the upside points to 100% range expansion. Closed the week at the high and not enough time to get ...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 MORELawrence's Comment Recap Failed to push above bear flag resistance. Bear flag support broken later in the week leading to all out flush down to Y-1. Closed the week below ...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 MOREUSDJPY Feb 27 to Mar 02 OutlookPrecog Vision – Forex 2019-2-26Precog Vision – Forex 2020-8-21EURUSD Apr 03 to Apr 07 OutlookIntraday Cycle Projection (GBPUSD) 2020-11-26USDCAD Oct 08 to Oct 12 OutlookIntraday Cycle Projection (GBPUSD) 2014-01-30Precog Vision – Forex 2011-9-23Precog Vision – Forex 2022-3-18USDCAD Feb 18 to Feb 22 Outlook
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GBPUSD Jan 07 to Jan 11 Outlook
Lawrence’s Comment
The slight weekly bias towards the upside gave cable a boost to Y+3. Then fiscal cliff deal changed everything sending cable back down to Y-2. Closed the week near week low and below Y-1.
Outlook
Cable hammered a short term high in place. As long as B-0 upto Y+2 stays as resistance cable should trade lower in coming weeks. Looking for swing trade opportunities to the downside.
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