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Lawrence's Comment Recap As expected Cable going higher. Stalled at 100% absolute range expansion. Closed the week from a pullback to Y+1. Outlook Rejected Y+1 to B+1 area pointing to further consolidation with ...READ MOREBloomberg just revealed the allegation made by New York regulators against Deutsche Bank. http://www.bloomberg.com/news/2014-12-10/ny-regulator-said-to-probe-deutsche-bank-barclays-fx-algorithms.html?hootPostID=c3a0b99fe1cf5f2d282303c2f5580895 This is what you get when the bank created the bot in the first ...READ MORE3DP Odds Table (GBPUSD) 2013-06-14Precog Vision – Forex 2023-5-2Intraday Cycle Projection (GBPUSD) 2015-04-24GBPUSD Aug 22 to Aug 26 OutlookS&P 500 Oct 15 to Oct 19 OutlookWhen One Bot Dominate the Forex MarketsDow 30 Jan 28 to Feb 01 Outlook3DP Odds Table (GBPUSD) 2011-08-31Weekly Cycle Projection (GBPUSD) 2020-04-06USDCAD Apr 19 to Apr 23 Outlook
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GBPUSD Jun 13 to Jun 17 Outlook
Lawrence’s Comment
Three pushes against Y-0 and failed to take it out. Leading to a selloff of 100% absolute range expansion to the dowside. Closed at the low of the week.
Outlook
Tricky setup here.
If Y-2 to B-1 acts as a platform sending the pair higher to break above B-0, this will turn into a continuation long setup pointing to B+2 or higher price level.
If early in the week B-1 to Y-1 turns into resistance leading to lower prices, then B-2 is the 1st target.
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