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Lawrence's Comment Recap Compression as expected. FBO against Y+1 later in the week did not lead to a breakdown as situation with Greece has no decision yet. Closed the week above Y-0 ...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 Breakout mode tested the lower extreme and failed to clear it, gave us the real direction (up). Normal breakout target of 200% the range defined by the boundaries tagged ...READ MORELawrence's Comment Recap Popped higher right from the start of the week. Pullback found support at Y+1 / previous week close pointing to Y+2 target in play. Got Y+2 and consolidated around ...READ MOREEURUSD Jun 22 to Jun 26 Outlook3DP Odds Table (GBPUSD) 2020-04-15Precog Vision – Forex 2017-11-15Hot n Cold (GBPUSD) 2011-6-29USDCAD Jan 05 to Jan 09 OutlookIntraday Cycle Projection (GBPUSD) 2020-10-09Hot n Cold (GBPUSD) 2012-10-25USDJPY Dec 02 to Dec 06 OutlookWeekly Cycle Projection (GBPUSD) 2013-06-173DP Odds Table (GBPUSD) 2020-05-26
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GBPUSD May 20 to May 24 Outlook
Lawrence’s Comment
Downside bias worked out with Y-2 tagged mid week. Bounced off Y-2 and failed to clear Y-1. Closed the week at week low and Y-2.
Outlook
US dollar has strengthen to the point that it is showing up on weekly now. That translate to more weaknesses overall to other currencies. Cable will have a hard time bottoming until US dollar index finds its weekly resistance which is not close by.
This week B-2 is next downside target.
The rare case scenario is that we get a spike low above B-2 and snap back up above B-0, that will force a squeeze back up to Y-0.
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