Trading Edges That Last
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Lawrence's Comment Recap Flushed to new low but bounced at once back above Y-1. Closed the week above midpoint and Y-1. Outlook Another longer term potential bottom in the making. Confirmation would ...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-1 failed to hold as support and another new low was made last week. Closed the week below Y-1 and midpoint. Outlook Weaknesses persisted but range has ...READ MOREIntraday Cycle Projection (GBPUSD) 2019-08-21Intraday Cycle Projection (GBPUSD) 2018-04-30AUDUSD Mar 29 to Apr 02 OutlookUSDJPY May 14 to May 18 OutlookPrecog Vision – Forex 2018-11-14USDCAD Aug 20 to Aug 24 OutlookEURUSD Apr 11 to Apr 15 OutlookUSDJPY Oct 29 to Nov 02 OutlookIntraday Cycle Projection (GBPUSD) 2017-08-313DP Odds Table (GBPUSD) 2020-12-11
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GBPUSD Nov 05 to Nov 09 Outlook
Lawrence’s Comment
Tagged upside target after bounced off Y-0. That played out as expected. Disappointed, however, that cable failed to hold above Y+1 as support and dropped back down to week low. Closed the week near week low and Y-0.
Outlook
The week before last we have rejection of 1.60 which gave us Y+1 and above. Now, it is the opposite – as long as B-0 is acting as resistance, or, if cable dropped quickly below B-1 and that turning into resistance, cable will be forced to drop to B-2 and below.
Sticky situation here as we are also waiting for reactions to US Election results.
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