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Lawrence's Comment Recap Y-0 never challenged. Cable simply consolidating around Y+1 within 50% absolute range. Closed the week below Y+1 and midpoint. Outlook The more interesting scenario is that cable breaking below ...READ MORELawrence's Comment Recap Overnight pre-open, the downside target was tagged by the index futures, since then Dow never looked back. Trend buy all the way bac up to where the sell off ...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 MOREGBPUSD Sep 24 to Sep 28 OutlookIntraday Cycle Projection (GBPUSD) 2021-05-06Hot n Cold (GBPUSD) 2015-8-28Dow 30 Nov 23 to Nov 27 OutlookPrecog Vision – Forex 2016-7-15Precog Vision – Forex 2018-12-12Weekly Cycle Projection (GBPUSD) 2017-11-13USDCAD Jun 24 to Jun 28 OutlookPrecog Vision – Forex 2017-8-243DP Odds Table (GBPUSD) 2023-05-02
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GBPUSD Nov 23 to Nov 27 Outlook
Lawrence’s Comment
Cable found support at Y-0 and eventually challenged Y+1 and then the break down crime scene I mentioned last week. Thatès all it can do and the selloff started. Closed the week near Y-0 and below midpoint.
Outlook
The daily bear flag on cable will be confirmed if a daily close below B-1 is printed. The longer term players will likely give up longs and lead to a drop back down to Y-1 and below.
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