Trading Edges That Last
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Lawrence's Comment Recap As expected the push to the upside has failed and resulted in a test of Y-1. Yet Dow defended the Y-1 boundary and rallied back above Y-0. Closed the ...READ MORELawrence's Comment Recap Slided down to B-2 without a fight. Then bear flag up drift back to Y+1. Could not clear the resistance and flushed back down to week low. Closed the ...READ MORELawrence's Comment Recap B-0 area acted as resistance most part of the week until Aussie eventually break above that and closed the week around Y+1. Outlook If B+1 acts as resistance sending the ...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 MORE3DP Odds Table (GBPUSD) 2013-05-09Precog Vision – Forex 2013-2-14Dow 30 Jul 29 to Aug 02 OutlookDow 30 Nov 05 to Nov 09 OutlookGBPUSD Feb 04 to Feb 08 OutlookAUDUSD Aug 29 to Sep 02 Outlook3DP Odds Table (GBPUSD) 2022-05-23Precog Vision – Forex 2017-6-2Intraday Cycle Projection (GBPUSD) 2021-09-09Precog Vision – Forex 2017-1-27
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GBPUSD Dec 02 to Dec 06 Outlook
Lawrence’s Comment
My favourite pair giving us the easiest play for the week again. Pullback back to Y-0 and found support. Took off higher all the way to Y+3. Closed the week near week high and above Y+2.
Outlook
Weekly upside target tagged. Challenging monthly resistance here. First test probably will result in at least a pullback down to Y+1. Difficult to tell now if it is all cable has in store to the upside.
I need to see how cable react to a move above B+1 to determine if sellers are waiting up there.
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