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Lawrence's Comment Recap Dow tried to hold the prior support zone but failed. Flushed down to 16300 round number and defended the level. The quick snap back up gave us a go ...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 MORELawrence's Comment Recap Upside breakout after compression around Y-0. 100% expansion off the tight range tagged by end of the week but failed to tag the normal Y+2 target. Closed the week ...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 Y-0 acted as support on first test but failed to hold up loonie afterwards, that opened the door to tag Y-1 and Y-2. Closed the week near Y-2. Outlook The ...READ MORE3DP Odds Table (GBPUSD) 2023-05-02Dow 30 May 26 to May 30 OutlookPrecog Vision – Forex 2019-3-8Precog Vision – Forex 2023-1-18Precog Vision – Forex 2014-11-12Hot n Cold (GBPUSD) 2016-6-17EURUSD Oct 12 to Oct 16 OutlookPrecog Vision – Forex 2021-7-23USDCAD Sep 19 to Sep 23 Outlook3DP Odds Table (GBPUSD) 2012-08-21
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GBPUSD Jul 18 to Jul 22 Outlook
Lawrence’s Comment
Cable held Y-1 and cleared Y-0 for its Brexit low test. Since then Y-0 support sent cable higher until 100% absolute range expansion was reached. Closed the week above Y-0 and near midpoint.
Outlook
Potential inverted head and shoulder in the making if B+1 is cleared with target B+3. As long as B+1 is acting as resistance, continuation to the downside is still likely.
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