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Lawrence's Comment Recap Consolidation play all week around Y+1. Upside momentum carried Euro higher in an up channel. Closed the week near Y+1 and midpoint. Outlook B+1 / B+2 strong resistance zone ...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 Cosolidated in Y-0 to Y+1 as expected. Then news shock came and a squeeze took the pair up to Y+3. Stalled from there since. Closed the week near Y+2 ...READ MOREIntraday Cycle Projection (GBPUSD) 2012-11-02Intraday Cycle Projection (GBPUSD) 2011-07-26Intraday Cycle Projection (GBPUSD) 2018-07-18EURUSD Feb 15 to Feb 19 OutlookWeekly Cycle Projection (GBPUSD) 2017-10-163DP Odds Table (GBPUSD) 2019-06-14Intraday Cycle Projection (GBPUSD) 2016-12-07Precog Vision – Forex 2020-12-8USDCAD Jan 27 to Jan 31 Outlook3DP Odds Table (GBPUSD) 2018-12-21
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GBPUSD Apr 28 to May 02 Outlook
Lawrence’s Comment
Retest of Y+1 as expected. Failed to clear it, gave us consolidation above Y-0. Closed the week above Y-0 and near midpoint.
Outlook
Inside week and extreme tight range. Breakout play above B+1 points to at least B+3. I understand that upside breakout is counter-intuitive with the current situation in Ukraine but it can still happen.
A break of Y-0 decisively, can lead to all out flush back down to Y-1 and Y-2.
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