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Lawrence's Comment Recap Sideway drift continues with Y-0 acted as support in the beginning of the week which gave us a run to Y+1. Y+1 rejected gave us a move back down ...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 MOREDow 30 Feb 22 to Feb 26 OutlookHot n Cold (GBPUSD) 2015-7-10Intraday Cycle Projection (GBPUSD) 2023-05-01Intraday Cycle Projection (GBPUSD) 2018-11-21USDCAD Apr 08 to Apr 12 OutlookEURUSD Apr 10 to Apr 14 OutlookEURUSD Jun 30 to Jul 04 OutlookPrecog Vision – Forex 2018-7-25Intraday Cycle Projection (GBPUSD) 2020-07-303DP Odds Table (GBPUSD) 2022-12-16
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GBPUSD Apr 20 to Apr 24 Outlook
Lawrence’s Comment
Everything changed over the weekend in Europe. Cable found support at Y-1 and forced a test of Y-0. That in turn provided fuel for cable to clear Y-0 gunning for Y+1. Closed the week near Y+1 and above midpoint.
Outlook
Outside week reversal against the just established down trend indicates many people are caught on the wrong side of the market. Now Y-0 / B-0 strong support with this week consolidation at 50% week range likely.
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