Trading Edges That Last
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Lawrence's Comment Recap Consolidation with 50% previous week range as expected. Pushed lower to retest Y-1 and failed to stay below. Bounced back up to take on Y-0. Closed the week below ...READ MOREIntraday Cycle Projection (GBPUSD) 2021-10-08Precog Vision – Forex 2016-9-28Hot n Cold (GBPUSD) 2012-11-14EURUSD Oct 11 to Oct 15 Outlook3DP Odds Table (GBPUSD) 2016-10-17Hot n Cold (GBPUSD) 2013-6-7Precog Vision – Forex 2015-5-21Weekly Cycle Projection (GBPUSD) 2016-05-23Intraday Cycle Projection (GBPUSD) 2022-11-01USDCAD Mar 30 to Apr 03 Outlook
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GBPUSD Dec 03 to Dec 07 Outlook
Lawrence’s Comment
Tested Y-0 as expected and bounced off quickly too. End of week pushing against Y+1 failed to clear the resistance. Closed the week near midpoint.
Outlook
Not a clear rejection of Y+1 yet but definitely a lot of distribution above 1.60. The line up of B-1 and Y-0 is telling us that next test of that will probably lead to a break down with 1.59 as a reasonable target.
Year end dynamics in play. Cable has a distinct year end pattern. Will post the pattern to the site later.
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