Trading Edges That Last
- You May Also Like
Lawrence's Comment Recap Y-1 breached on 2nd try sending euro down to Y-2. Closed the week below Y-2. Outlook Weaknesses continue. As long as B-0 acts as resistance, more downside is expected.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 How does a central bank influence the markets? Well, choose a side and punish the other one like what happened last week. Ninja held Y-0 all the way with ...READ MOREEURUSD Nov 28 to Dec 02 OutlookIntraday Cycle Projection (GBPUSD) 2012-08-303DP Odds Table (GBPUSD) 2022-11-163DP Odds Table (GBPUSD) 2023-05-02Intraday Cycle Projection (GBPUSD) 2017-02-13GBPUSD Jun 12 to Jun 16 Outlook3DP Odds Table (GBPUSD) 2013-01-04Weekly Cycle Projection (GBPUSD) 2011-08-01Precog Vision – Forex 2020-12-16USDJPY Nov 03 to Nov 07 Outlook
As Featured In
GBPUSD Aug 11 to Aug 15 Outlook
Lawrence’s Comment
Weak pullback not even touching Y-0 ended with another drop to Y-1. Eventually Y-1 was cleared giving us equal distance from previous week close. Closed the week below Y-1 and at week low.
Outlook
Consolidation action with weak close is bearish. More down side is expected. A quick flush to B-2 early next week can produce a temporary support for a bounce back up to B+1 / Y-0.
Share