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Lawrence's Comment Recap Did not tag the upside target after the expected consolidation in the first half of the week (disappointed). Breaking below the week low in mid-week however gave us ...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 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 MOREWeekly Cycle Projection (GBPUSD) 2012-03-05Hot n Cold (GBPUSD) 2013-12-20GBPUSD Jun 06 to Jun 10 Outlook3DP Odds Table (GBPUSD) 2020-09-23Precog Vision – Forex 2014-12-23Intraday Cycle Projection (GBPUSD) 2015-07-16Intraday Cycle Projection (GBPUSD) 2021-01-01Precog Vision – Forex 2023-2-103DP Odds Table (GBPUSD) 2012-04-18Precog Vision – Forex 2015-12-31
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GBPUSD Oct 05 to Oct 09 Outlook
Lawrence’s Comment
Cable consolidated around previous week close in extreme tight range. Not even 50% previous week range was made. Closed the week near Y-1 and midpoint.
Outlook
Consolidation in tight range after wide range week often points to continuation. Y-1 / B-0 support can send cable higher to B+2 / Y-0 but that will not change the bearish formation on daily. Long term support at 1.5 will be the more important decision zone.
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