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Lawrence's Comment Recap Dow gapped below support zone and flushed straight down to Y-1 first before finding support. FBO against Y-1 gave us a run back up to Y-0 and gap fill. ...READ MORELawrence's Comment Recap Instead of testing Y-1 first, ninja opted for test of Y-0 zone resistance first. That forced a drop in ninja back down to Y-1 later in the week. Closed ...READ MORELawrence's Comment Recap Trapped in same range as in past several weeks. Then downside breakout happened. Closed the week near Y-1 and below midpoint. Outlook For the breakout to continue, Y-1 must ...READ MOREWeekly Cycle Projection (GBPUSD) 2013-04-29Precog Vision – Forex 2020-12-93DP Odds Table (GBPUSD) 2022-06-21Dow 30 Oct 03 to Oct 07 OutlookS&P 500 Aug 28 to Sep 01 OutlookHot n Cold (GBPUSD) 2019-5-10USDJPY Jul 21 to Jul 25 OutlookWeekly Cycle Projection (GBPUSD) 2014-10-13GBPUSD Aug 10 to Aug 14 OutlookEURUSD Apr 08 to Apr 12 Outlook
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GBPUSD May 23 to May 27 Outlook
Lawrence’s Comment
Brexit effect controlling cable all week. FBO Y-1 in the beginning of the week sent cable back up to Y+1. Bull flag on 4 hours pullback to 1.44 round number to form inverse head and shoulder. Breakout of the neckline gave us Y+2. Strong reaction at Y+2 dropped cable back down to midpoint. Close the week above Y-0 and midpoint.
Outlook
Brexit in full force now. Every piece of news can swing cable hard due to reduced liquidity as size players will not bet on the outcome. Wait and see situation here.
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