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Lawrence's Comment Recap Consolidated around Y+1. Mildly bullish as expected. Closed the week above Y+1 and midpoint. Outlook Need the pair to tag B+2 soon and holding above 0.98 to stay bullish. On ...READ MORELawrence's Comment Recap The less likely scenario presented itself - w. upthrust against Y+1 leading to a quick selloff to Y-1. Flushed thru Y-1 but not quite Y-2 and closed ...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 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 MOREUSDCAD Oct 01 to Oct 05 OutlookGBPUSD Mar 14 to Mar 18 Outlook3DP Odds Table (GBPUSD) 2013-07-05Nasdaq 100 Mar 21 to Mar 25 Outlook3DP Odds Table (GBPUSD) 2016-09-273DP Odds Table (GBPUSD) 2011-12-263DP Odds Table (GBPUSD) 2020-03-30Precog Vision – Forex 2021-6-1Precog Vision – Forex 2023-2-93DP Odds Table (GBPUSD) 2015-06-22
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GBPUSD Dec 23 to Dec 27 Outlook
Lawrence’s Comment
Cable failed to move higher and made a new low. FOMC announcement took it back up and stop run printed a new high for the week but there was no follow thru. Closed the week below Y-0 and midpoint.
Outlook
Both directions are rejected. Outside week closing near Y-0. Indecision. Notice it is 2nd outside week which is very rare. We need an inside week now to setup for the next directional move. Otherwise, cable is likely to be trapped within the current boundaries.
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