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Lawrence's Comment Recap Broken Y-0 right at the beginning of the week, tagged target Y-1 quickly. Bounced back to Y-0 where it acted as resistance, pointing to 50% downside expansion ...READ MORELawrence's Comment Recap The pullback I was looking for happened. Dropped all the way to B-1 as well. The news shock from Euro zone on Friday (Yes, Friday again!) forced ...READ MORELawrence's Comment Recap As expected drop down to B-1 area. 100% absolute range expansion completed. Closed the week near midpoint. Outlook The spike low against Y-1 means support is found at that level. ...READ MORELawrence's Comment Recap Euro dropped to Y-1 and found support right below. 4 hour bottom from there sent euro back up to near Y+1. Euro paused when it reached 100% absolute range ...READ MORE3DP Odds Table (GBPUSD) 2013-04-11Nasdaq 100 Mar 14 to Mar 18 OutlookIntraday Cycle Projection (GBPUSD) 2014-06-13S&P 500 Aug 27 to Aug 31 OutlookS&P 500 Feb 22 to Feb 26 Outlook3DP Odds Table (GBPUSD) 2014-08-19Intraday Cycle Projection (GBPUSD) 2013-11-07Intraday Cycle Projection (GBPUSD) 2014-09-30GBPUSD Aug 29 to Sep 02 OutlookEURUSD Apr 06 to Apr 10 Outlook
As Featured In
GBPUSD Aug 03 to Aug 07 Outlook
Lawrence’s Comment
Y-0 breached early in the week put Y+1 in play. Y+1 tagged but cable failed to hold above it. Stuggled between Y+1 and Y-0 since. Closed the week above Y-0 and midpoint.
Outlook
3rd week trapped in the same range is very strong compression. Breakout mode in place. First move out of the range has to be strong enough to carry cable outside of the range by 25% or the mode can be a fake out.
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