Trading Edges That Last
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Lawrence's Comment Recap Continuation sell down to Y-2 yet failed to produce a bounce. Breaking below Y-2 gave us Y-3. Closed the weekbelow Y-2 and midpoint. Outlook Stop hunting move once Y-2 ...READ MORELawrence's Comment Recap The attempted rally from the beginning of the week met with resistance from the week low zone prior to last week. Yet the selloff failed to break 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 Similar to Cable, failing to clear previous week close led to a flush down to almost Y-3. Intervention happened and ninja went straight back up to Y-0. Closed the ...READ MOREPrecog Vision – Forex 2014-5-12USDJPY Feb 15 to Feb 19 OutlookUSDCAD Jul 11 to Jul 15 OutlookIntraday Cycle Projection (GBPUSD) 2022-05-26Precog Vision – Forex 2022-3-7USDJPY Jul 13 to Jul 17 OutlookIntraday Cycle Projection (GBPUSD) 2018-02-203DP Odds Table (GBPUSD) 2021-08-03Intraday Cycle Projection (GBPUSD) 2019-08-01Hot n Cold (GBPUSD) 2011-7-14
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GBPUSD Sep 12 to Sep 16 Outlook
Lawrence’s Comment
As expected sold off from our resistance area. Better yet it dropped more than the minimal target to below Y-2 clearing the way to tag Y-3. Closed the week near Y-3.
Outlook
Controlled channel drop with no surprises nor breakout upside or downside at all. That is very unusual because Euro was toasted big time yet cable is not following closely. That tell us that cable has hidden strength building up and possibly a bottom in the making.
Will avoid this pair next week as it will be difficult to predict which way the channel will snap out of first.
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