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Lawrence's Comment Recap Consolidation actions around Y+1 as expected. NFP did not produce a directional move outside of the consolidation range hence no range expansion play. Closed the week near Y+1 and ...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 MOREIntraday Cycle Projection (GBPUSD) 2015-10-02Intraday Cycle Projection (GBPUSD) 2022-09-13S&P 500 Jun 06 to Jun 10 OutlookPrecog Vision – Forex 2019-8-20Intraday Cycle Projection (GBPUSD) 2022-04-07AUDUSD Jan 03 to Jan 07 OutlookIntraday Cycle Projection (GBPUSD) 2022-02-223DP Odds Table (GBPUSD) 2021-09-22Intraday Cycle Projection (GBPUSD) 2015-05-26Hot n Cold (GBPUSD) 2012-1-12
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GBPUSD Aug 26 to Aug 30 Outlook
Lawrence’s Comment
3 Pushes early in the week resulted in a snap back down to below Y+1 and triggered the FBO against Y+1. Tagged Y-0 by end of the week. Weak formation as expected. Closed the week above Y-0 and below midpoint.
Outlook
Still no clear sign whether it is a top in the making on daily or that it is ready to squeeze much higher. Confirmed breakdown on daily requires Cable to clear Y-1 quickly this week. For daytrading purpose, as long as B-0 is not cleared, B-2 in play.
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