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Lawrence's Comment Recap Opened above Y+1. No FBO as Euro stayed above Y+1 all the way til its breakout move to Y+4. Consolidated since. Closed the week above Y+3 and midpoint. Outlook Unusual breakout ...READ MORELawrence's Comment Recap Consolidation as expected. Developed the top 1/2 first then dropped down to near Y-1 for a test. Closed the week below Y-0 and midpoint. Outlook Y-1 / B-1 support ...READ MORELawrence's Comment Recap Started the week with a mild bounce as expected. After breakdown below Y-1, no support until Y-2 as stated last week. Tagged Y-2 and holding there since. ...READ MORELawrence's Comment Recap Normal scenario unfolder. Y-0 acted as support with Y+1 not acting as resistance. Paved way to Y+2 and materialized later in the week. Closed the week above Y+2 and ...READ MORELawrence's Comment Recap More downside, 50% week range in consolidation style. Closed the week below Y-1 and midpoint. Outlook Unusual moves from ECB to ensure euro drops more. Remember the original acceptable range as ...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 MOREEURUSD Sep 23 to Sep 27 OutlookUSDCAD Apr 27 to May 01 Outlook3DP Odds Table (GBPUSD) 2013-04-04Intraday Cycle Projection (GBPUSD) 2011-11-21AUDUSD Jan 07 to Jan 11 OutlookDow 30 Nov 19 to Nov 23 OutlookUSDCAD Dec 15 to Dec 19 OutlookIntraday Cycle Projection (GBPUSD) 2015-12-04EURUSD May 19 to May 23 OutlookPrecog Vision – Forex 2022-5-11
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GBPUSD Sep 24 to Sep 28 Outlook
Lawrence’s Comment
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 B-1 for confirmed false breakout. That will give us a decent selloff to B-3.
The more likely outcome is the usual slow pullback and/or another popup to challenge the Y+2 area quickly as B-1 acting as support.
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