Trading Edges That Last
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Lawrence's Comment Recap Dow popped higher yet failed to clear Y+2. Breached Y+1 by end of the week and dropped to Y-0 and below. Closed the week near Y-0 and week low. ...READ MORELawrence's Comment Recap Y-0 support gave us the run to Y+2 as expected. 3 pushes up against Y+2 produced the drop back down to Y+1. Closed the week above Y-0 and below ...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 As expected, Y-0 resistance with a test of Y-1 after flat line action in the beginning of the week. Closed the week near Y-1 and week low. Outlook Weekly ...READ MOREDow 30 Jun 13 to Jun 17 OutlookAUDUSD Apr 25 to Apr 29 OutlookWeekly Cycle Projection (GBPUSD) 2017-04-03Precog Vision – Forex 2019-5-6USDJPY Jun 22 to Jun 26 OutlookIntraday Cycle Projection (GBPUSD) 2022-01-213DP Odds Table (GBPUSD) 2013-11-29Intraday Cycle Projection (GBPUSD) 2017-10-263DP Odds Table (GBPUSD) 2016-08-15Intraday Cycle Projection (GBPUSD) 2015-05-27
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GBPUSD May 14 to May 18 Outlook
Lawrence’s Comment
News from Europe created a new wave of sell pressure across European currencies against US dollar. Cable was forced to break Y-1 leading to a flush to Y-2. Closed the week at its low and Y-2.
Outlook
Tricky juncture. Potential long term top in the making if Y+1 ended up being retested and rejected in a few weeks.
Next week, as long as B-1 can act as support, a run back up to B+1 is likely.
If cable flush below B-2 early in the week, B-0 will turn into strong resistance zone.
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