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Lawrence's Comment Recap All week bear flag drift up. Tagged resistance at Y-0 before NFP and sold off right after. Wild reaction at Y-1 and erased the drop. Closed the week below ...READ MORELawrence's Comment Recap Attempted to hold Y-1 earlier in the week leading to a pop higher back up to Y+1. Closed the week above Y-0 and midpoint. Outlook Consolidation actions indicate indecision. ...READ MORELawrence's Comment Recap ES pushed higher as expected. Month end bias kicked in on Thursday and Friday following the usual month end script. Closed the week above Y-0 and near week low. ...READ MOREIntraday Cycle Projection (GBPUSD) 2013-02-12S&P 500 Apr 20 to Apr 24 OutlookGBPUSD Jan 13 to Jan 17 Outlook3DP Odds Table (GBPUSD) 2013-03-083DP Odds Table (GBPUSD) 2017-01-16AUDUSD Jan 25 to Jan 29 OutlookIntraday Cycle Projection (GBPUSD) 2016-11-16S&P 500 Mar 02 to Mar 06 OutlookIntraday Cycle Projection (GBPUSD) 2017-08-253DP Odds Table (GBPUSD) 2014-05-02
As Featured In
GBPUSD Sep 12 to Sep 16 Outlook
Lawrence’s Comment
As expected sold off from our resistance area. Better yet it dropped more than the minimal target to below Y-2 clearing the way to tag Y-3. Closed the week near Y-3.
Outlook
Controlled channel drop with no surprises nor breakout upside or downside at all. That is very unusual because Euro was toasted big time yet cable is not following closely. That tell us that cable has hidden strength building up and possibly a bottom in the making.
Will avoid this pair next week as it will be difficult to predict which way the channel will snap out of first.
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