Trading Edges That Last
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Lawrence's Comment Recap NQ cleared Y+1 by gapping above it right off the start of the week. That forced all shorts to cover and the Y+3 target for surprise move was tagged. ...READ MOREPrecog Vision – Forex 2014-8-273DP Odds Table (GBPUSD) 2014-01-17GBPUSD Nov 19 to Nov 23 OutlookPrecog Vision – Forex 2015-7-21Intraday Cycle Projection (GBPUSD) 2020-03-30Precog Vision – Forex 2014-11-203DP Odds Table (GBPUSD) 2021-11-19Precog Vision – Forex 2012-4-5Nasdaq 100 Feb 22 to Feb 26 OutlookIntraday Cycle Projection (GBPUSD) 2014-09-04
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GBPUSD May 20 to May 24 Outlook
Lawrence’s Comment
Downside bias worked out with Y-2 tagged mid week. Bounced off Y-2 and failed to clear Y-1. Closed the week at week low and Y-2.
Outlook
US dollar has strengthen to the point that it is showing up on weekly now. That translate to more weaknesses overall to other currencies. Cable will have a hard time bottoming until US dollar index finds its weekly resistance which is not close by.
This week B-2 is next downside target.
The rare case scenario is that we get a spike low above B-2 and snap back up above B-0, that will force a squeeze back up to Y-0.
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