Trading Edges That Last
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Lawrence's Comment Recap Stopped right at the resistance zone mentioned last week. Sold off to Y-0 with very strong reaction to the price level, implying that Y-0 is strong support ...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 MOREIntraday Cycle Projection (GBPUSD) 2015-10-30Precog Vision – Forex 2016-6-143DP Odds Table (GBPUSD) 2014-06-26S&P 500 Jan 21 to Jan 25 OutlookAUDUSD Mar 07 to Mar 11 OutlookPrecog Vision – Forex 2018-8-28Precog Vision – Forex 2023-4-27Intraday Cycle Projection (GBPUSD) 2020-08-11USDJPY Dec 26 to Dec 30 OutlookWeekly Cycle Projection (GBPUSD) 2012-11-05
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GBPUSD Apr 22 to Apr 26 Outlook
Lawrence’s Comment
As expected, cable moved back down to Y-1 first. Sadly, the bounce off Y-1 failed to push cable above the week high and led to one more flush back down to week low. Closed the week at week low and below Y-1.
Outlook
A not very well formed head and shoulder is in place visible in 4-hour chart. A break below B-1 with that turning into resistance points to a drop to at least B-3.
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