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Lawrence's Comment Recap As expected Y-1 failed to hold as support and another new low was made last week. Closed the week below Y-1 and midpoint. Outlook Weaknesses persisted but range has ...READ MORELawrence's Comment Recap Y-1 tested and held up. Ninja was then sent back up to Y-0 and round number at 120. 120 sellers show up and pressed ninja back down. Closed the ...READ MORELawrence's Comment Recap Y-1 acted as support, got our rally going. Yet Aussie failed to clear Y-0 and pullback since. Closed the week at midpoint and below Y-0. Outlook The short term swing low ...READ MOREUSDCAD Aug 20 to Aug 24 OutlookUSDJPY Apr 27 to May 01 OutlookGBPUSD Sep 19 to Sep 23 OutlookWeekly Cycle Projection (GBPUSD) 2020-06-08Intraday Cycle Projection (GBPUSD) 2014-01-29AUDUSD Feb 18 to Feb 22 OutlookDow 30 Apr 03 to Apr 07 Outlook3DP Odds Table (GBPUSD) 2012-01-31Weekly Cycle Projection (GBPUSD) 2015-05-183DP Odds Table (GBPUSD) 2017-05-23
As Featured In
GBPUSD Apr 11 to Apr 15 Outlook
Lawrence’s Comment
Sell formation not materialized. Breach of Y+1 earlier in the week points to breakout target of Y+2 and Y+3. That worked out well and closed the week at Y+3 area.
Outlook
Sudden reversal always trap the players on the other side of the move making it more powerful. A pullback to B-0 should not happen if the pair wants to continue its run to Y+4.
The interesting scenario is that B-0 tagged early in the week and Y+3 turns into resistance, we then have a w. upthrust that can send the pair back down to B-1 quickly.
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