Trading Edges That Last
- You May Also LikeFor 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 MORE
Lawrence's Comment Recap Summer thin trading volume gave us a week of bouncing between two extremes. Closed the week above Y-0 and near week high. Outlook Weekly pullback context still valid. As ...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 MORE3DP Odds Table (GBPUSD) 2012-08-17Intraday Cycle Projection (GBPUSD) 2012-07-10Precog Vision – Forex 2022-1-10Intraday Cycle Projection (GBPUSD) 2016-12-08Dow 30 Jun 20 to Jun 24 OutlookIntraday Cycle Projection (GBPUSD) 2011-03-28USDCAD Aug 08 to Aug 12 Outlook3DP Odds Table (GBPUSD) 2012-04-26Precog Vision – Forex 2019-9-193DP Odds Table (GBPUSD) 2012-11-16
As Featured In
GBPUSD Jul 15 to Jul 19 Outlook
Lawrence’s Comment
Bounced back up to Y-0 as expected. How it was done was interesting as speculations now building up whether the new BOE will behave significantly different from the old BOE. Cable went all the way back up to the original down channel resistance and broken that to the upside. Closed the week above Y-0 and midpoint.
Outlook
Bullish setup for the coming week as the down channel is now officially below the weekly close. As long as cable can hold B-0, a push above B+1 and and Y+1 is likely.
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