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Lawrence's Comment Recap Consolidation in our prescribed range most of the week until Fed announcement took place. Then all out short squeeze started until 100% absolute range expansion reached by ...READ MOREHot n Cold (GBPUSD) 2021-1-29Precog Vision – Forex 2022-3-1Intraday Cycle Projection (GBPUSD) 2014-03-03Precog Vision – Forex 2021-9-29Intraday Cycle Projection (GBPUSD) 2011-08-30Precog Vision – Forex 2016-7-43DP Odds Table (GBPUSD) 2017-03-15Precog Vision – Forex 2020-8-11Precog Vision – Forex 2017-1-13Dow 30 Sep 17 to Sep 21 Outlook
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GBPUSD Feb 20 to Feb 24 Outlook
Lawrence’s Comment
More downside as expected. Intervention by ECB resulted in a squeeze that closed the week at midpoint.
Outlook
Money is leaving EU and no long term investors want to risk their money on government junk bonds that are created to loot their wealth. Cable is closely tied with euro thus it will be difficult for cable to rally off the current level.
Similar to last week, there is limited upside potential here for cable and significant downside risk. A clean break of B-1 will drop this pair down to B-3.
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