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Lawrence's Comment Recap Breakdown play target reached in the beginning of the week. Bounced off there to test Y-1 from below as expected. Failing to re-enter previous week range gave us a ...READ MORELawrence's Comment Recap The now routine Monday gap helped Dow to hold the close from the week prior and zoomed up to almost Y+1. That did not change the breadth bias to ...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 Whole week was consolidation within Y-1 to Y-0. Closed the week right below Y-0. Outlook As stated previously, further weaknesses is expected. The past week formed a bear flag (or ...READ MORES&P 500 Feb 15 to Feb 19 Outlook3DP Odds Table (GBPUSD) 2016-05-093DP Odds Table (GBPUSD) 2018-04-16Dow 30 Jun 24 to Jun 28 OutlookDow 30 Sep 11 to Sep 15 Outlook3DP Odds Table (GBPUSD) 2014-03-10Dow 30 Feb 14 to Feb 18 OutlookPrecog Vision – Forex 2014-4-29AUDUSD May 23 to May 27 Outlook3DP Odds Table (GBPUSD) 2023-03-01
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GBPUSD Feb 22 to Feb 26 Outlook
Lawrence’s Comment
Breakout play after Y-0 failed to hold gave us Y-2. Bounced back up to crime scene above and consolidated since. Closed below Y-0 and near midpoint.
Outlook
The date is now set on UK’s EU membership referendum. This will make trading Cable more difficult as polls released regularly will affect the short term swings. That being said, Y-0 / B-0 resistance breakingn below Y-1 will give us a drop to Y-3. Potential down channel in the making on 4 hours.
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