Trading Edges That Last
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Lawrence's Comment Recap Pullback to support zone mentioned last week as expected. Attempt to bounce back up failed to clear 1.57 weekly resistance. Closed the week below Y-0 and midpoint. Outlook Inside ...READ MORELawrence's Comment Recap As expected, failed to breakout above Y+1 and dropped back down to Y-0. Closed the week at midpoint. Outlook Intervention effect from the central banks takes time to be ...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 MORELawrence's Comment Recap Consolidation around Y+1 as expected until Fed minute released mid week. The quick sell off was met with aggressive buying. Closed the week above Y+1 and at week high. Outlook The ...READ MOREWeekly Cycle Projection (GBPUSD) 2011-07-18GBPUSD May 25 to May 29 OutlookIntraday Cycle Projection (GBPUSD) 2016-07-12AUDUSD Dec 12 to Dec 16 OutlookPrecog Vision – Forex 2015-8-19Precog Vision – Forex 2013-3-4Dow 30 Nov 25 to Nov 29 Outlook3DP Odds Table (GBPUSD) 2019-04-193DP Odds Table (GBPUSD) 2016-06-03USDJPY Oct 07 to Oct 11 Outlook
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GBPUSD Jun 02 to Jun 06 Outlook
Lawrence’s Comment
The easy play last week. Y-0 acted as resistance and gave us a selloff down to Y-3 my target. It cannot get any easier than this. Closed the week below Y-1 and midpoint.
Outlook
Y-1 / B-0 is resistance and likely cap any attempt to go higher.
A retest of B-1 is very likely. Breaking below B-1 for a 3rd leg down is also likely.
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