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Lawrence's Comment Recap No further selloff. Rallied straight up from the bottom of the established range to the top of the range in a week. Closed the week above Y+1. Outlook Outside ...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 MOREIntraday Cycle Projection (GBPUSD) 2012-12-14S&P 500 Sep 19 to Sep 23 OutlookHot n Cold (GBPUSD) 2018-11-23DP Odds Table (GBPUSD) 2017-09-06Intraday Cycle Projection (GBPUSD) 2018-03-14Intraday Cycle Projection (GBPUSD) 2012-10-01Weekly Bias: Forex MondayIntraday Cycle Projection (GBPUSD) 2020-08-20Precog Vision – Forex 2013-4-123DP Odds Table (GBPUSD) 2014-02-27
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GBPUSD Jun 16 to Jun 20 Outlook
Lawrence’s Comment
Weaknesses early in the week is consistent with expectation. Then the test of Y+1 happened and cleared quickly leading to the Y+3 target. Closed the week near Y+3 and week high.
Outlook
The breakout play was a bit of a surprise to many thus the squeeze like nature of the move. Consolidation at reduced range is expected.
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