Trading Edges That Last
- You May Also LikeNot tagging the weekly target zone yet. Missed by a little and forming a potential IHS on hourly. Nothing much can be done here until a proper reversal is formed.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 MORE
Lawrence's Comment Recap Found support at Y-0 / support zone mentioned last week and started a squeeze up to normal Y+2 target. Resistance at Y+2 dropped Aussie back down to previous week ...READ MOREEURUSD Jul 15 to Jul 19 OutlookHot n Cold (GBPUSD) 2015-10-23DP Odds Table (GBPUSD) 2011-04-26GBPUSD Potential Reversal FormingDow 30 Nov 07 to Nov 11 Outlook3DP Odds Table (GBPUSD) 2021-09-20Intraday Cycle Projection (GBPUSD) 2017-01-30Precog Vision – Forex 2015-3-4AUDUSD Feb 08 to Feb 12 OutlookIntraday Cycle Projection (GBPUSD) 2023-04-21
As Featured In
GBPUSD Sep 03 to Sep 07 Outlook
Lawrence’s Comment
Tried to break Y-0 twice and failed. That staged the rally to test Y+1 as expected. Closed the week below Y+1 as an inside week.
Outlook
Same as last week, if test of Y+1 / B+1 area resulting in a selloff, cable should drop down to B-2 as a minimum.
The more interesting setup is a breakout to the upside, which will push cable to the 1.60 area in one go.
Share