Trading Edges That Last
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Lawrence's Comment Recap Gapped down to Y-1 yet found an excuse to move back up to Y-0. Failed to clear Y-0 and fell straight down to Y-3. The reversal was as impressive ...READ MORELawrence's Comment Recap Found support at previous week close and took off to test Y+1. Held up near Y+1 at previous support and breakout to Y+2. Strong reaction there led to breaking ...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 Tagged upside target of Y+2 early in the week. Slided back down and closed the week below Y+1. Outlook As long as Y-0 to B-1 acts as support, a ...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 MOREWeekly Cycle Projection (GBPUSD) 2012-07-23S&P 500 Oct 06 to Oct 10 OutlookIntraday Cycle Projection (GBPUSD) 2019-08-15EURUSD Sep 12 to Sep 16 OutlookDow 30 Mar 26 to Mar 30 Outlook3DP Odds Table (GBPUSD) 2017-06-08Intraday Cycle Projection (GBPUSD) 2021-09-13Precog Vision – Forex 2018-2-15AUDUSD Jan 09 to Jan 13 OutlookPrecog Vision – Forex 2020-11-19
As Featured In
GBPUSD Nov 03 to Nov 07 Outlook
Lawrence’s Comment
Y+1 rejected with a clean drop below Y-1. End of week shock from BOJ stopped the downward move somehow without expanding to Y-2. Closed the week near Y-1 and below midpoint.
Outlook
BOJ’s action is causing a shock and it will take a few days before the majors can find the right responses.
Chart pattern suggests that B-0 resistance with Y-3 / B-2 still in play.
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