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Lawrence's Comment Recap Aussie dropped to target as expected. Very orderly, no complex move to deal with. Closed the week below Y-2 and at week low. Outlook Aussie is developing a falling ...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 MORELawrence's Comment Recap Cable reacted strongly to the resistance zone mentioned last week and dropped lower since. Closed the week below Y-0 and at week low. Outlook Inside week down close. Bearish ...READ MORELawrence's Comment Recap Negative news since the start of the week sent euro back down to near Y-1. Then b.s. rumors hit mid-week sending euro back up. Closed the week ...READ MOREUSDJPY Jul 11 to Jul 15 OutlookAUDUSD Dec 08 to Dec 12 OutlookNasdaq 100 Dec 19 to Dec 23 OutlookIntraday Cycle Projection (GBPUSD) 2021-08-05Intraday Cycle Projection (GBPUSD) 2012-12-31S&P 500 Jan 09 to Jan 13 OutlookGBPUSD Sep 29 to Oct 03 OutlookEURUSD Oct 15 to Oct 19 OutlookHot n Cold (GBPUSD) 2013-1-11Intraday Cycle Projection (GBPUSD) 2017-01-17
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GBPUSD Aug 25 to Aug 29 Outlook
Lawrence’s Comment
Instead of sharp bounce to Y-0 resistance, we got a gap open in the beginning of the week. No strength to challenge Y-0 at all. Continuation selloff sent cable down to target / Y-2. Stuck there since. Closed the week near Y-2 and week low.
Outlook
Important higher timeframe support can produce a bounce back up to B+1. FBO against B-1 that quickly jump back above 1.66 will be the sign.
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