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Lawrence's Comment Recap As expected, total sideway action all week. slided down to Y-1 and bounced. Pushed thru Y-0 and tried to breakout upside above Y+1 failed. Closed the week ...READ MORELawrence's Comment Recap Aussie struggled above Y-1 initially. Found strength from gold pop leading to a run back to crime scene. Did not even get to Y-0 and stalled. Retest of Y-1 ...READ MORELawrence's Comment Recap The rare scenario unfolded. Gapped to Y+2 indeed. And stuck there since. Outlook Breakout mode. Breaking below previous week low points to gap fill target at previous year close. Breaking ...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 MOREWeekly Cycle Projection (GBPUSD) 2016-09-26USDJPY Dec 10 to Dec 14 OutlookAUDUSD Jan 27 to Jan 31 OutlookS&P 500 Jan 09 to Jan 13 OutlookIntraday Cycle Projection (GBPUSD) 2018-03-15Intraday Cycle Projection (GBPUSD) 2023-02-23GBPUSD Jul 08 to Jul 12 OutlookPrecog Vision – Forex 2015-7-8Intraday Cycle Projection (GBPUSD) 2012-01-02Intraday Cycle Projection (GBPUSD) 2021-05-10
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GBPUSD Apr 16 to Apr 20 Outlook
Lawrence’s Comment
A very funny week across all major pairs including this pair. The drift up early in the week is the classic 3 Pushes Up move to tag the 2nd peak. Once that is completed, a sharp selloff was resulted. Closed the week below midpoint and near week low.
Outlook
Tagging B-2 will complete the downside target of the price pattern.
How Pound reacts there will determine if the daily uptrend is over.
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