Trading Edges That Last
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Lawrence's Comment Recap Ninja moved lower as expected. What I did not expect, however, was the all out melt down. Got Y-3 before ninja can even bounce. Closed the week below Y-2 ...READ MORELawrence's Comment Recap Breakdown play to Y-2 and then Y-3 normal target materialized. 1.40 round number turned into resistance. Closed the week below Y-3 and near week low. Outlook For short term ...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 2018-10-25EURUSD Dec 14 to Dec 18 OutlookUSDJPY Apr 14 to Apr 18 OutlookWeekly Cycle Projection (GBPUSD) 2012-05-143DP Odds Table (GBPUSD) 2023-03-133DP Odds Table (GBPUSD) 2018-11-12GBPUSD Feb 29 to Mar 04 Outlook3DP Odds Table (GBPUSD) 2021-12-28Dow 30 Apr 18 to Apr 22 OutlookPrecog Vision – Forex 2022-12-21
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GBPUSD Jul 22 to Jul 26 Outlook
Lawrence’s Comment
The more predictable pair as usual. Held Y-0 and rallied to upside target mentioned last week. Not impressive strong run though. Closed the week above Y+1 and near week high.
Outlook
The run is not strong enough to clear the resistance but it is also not weak enough to be considered as a false breakout. Clear rising wedge pattern suggests potential FBO in the making if Cable breaks below B-0 quickly, a retest of B-1 and flushing down to B-2 likely.
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