Trading Edges That Last
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Lawrence's Comment Recap Y-0 resistance dropped NQ below Y-1. Yet it was not supported by other indices. FBO against Y-1 forced a test of Y-0 and gap push above Y+1. Closed the ...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 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 MOREPrecog Vision – Forex 2016-4-11AUDUSD Feb 06 to Feb 10 OutlookIntraday Cycle Projection (GBPUSD) 2014-01-13Nasdaq 100 Apr 18 to Apr 22 Outlook3DP Odds Table (GBPUSD) 2015-12-04Precog Vision – Forex 2015-2-113DP Odds Table (GBPUSD) 2017-03-24Intraday Cycle Projection (GBPUSD) 2020-12-243DP Odds Table (GBPUSD) 2015-02-16Precog Vision – Forex 2022-3-30
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GBPUSD Sep 19 to Sep 23 Outlook
Lawrence’s Comment
Mentioned to avoid this pair last week. And here it is, in tight range consolidation with no direction at all. Closed the week below Y-1.
Outlook
The sideline movement has actually helped cable to break above its down channel without giving us any hint of direction (bravo!).
The down channel resistance line dropped to B-1 area . If a retest of B-1 resulted in a bounce taking out B+1, expect a strong rally to tag at least B+3.
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