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Lawrence's Comment Recap B+1 resistance together with low volume gave us consolidation actions all week. Closed the week near Y+1 and above midpoint. Outlook Sideway actions with a weak upside triangle formation ...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 MORENasdaq 100 Apr 03 to Apr 07 OutlookIntraday Cycle Projection (GBPUSD) 2020-07-16USDJPY Mar 18 to Mar 22 OutlookNasdaq 100 Nov 20 to Nov 24 OutlookIntraday Cycle Projection (GBPUSD) 2022-03-043DP Odds Table (GBPUSD) 2017-09-293DP Odds Table (GBPUSD) 2012-10-02Nasdaq 100 Aug 15 to Aug 19 OutlookS&P 500 Sep 21 to Sep 25 OutlookPrecog Vision – Forex 2014-11-7
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GBPUSD Feb 29 to Mar 04 Outlook
Lawrence’s Comment
Breakdown play to Y-2 and then Y-3 normal target materialized. 1.40 round number turned into resistance. Closed the week below Y-3 and near week low.
Outlook
For short term bottom, cable has to complete a FBO against B-1 to get a better chance at clearing B-0. Strong downside momentum means it is better to focus on the short side for now.
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