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Lawrence's Comment Recap Was looking for a breakout and it turned into another tight range week consolidating around Y+1. Closed the week near Y+1 and at midpoint. Outlook Potential breakout failure ...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 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 MOREGBPUSD Aug 20 to Aug 24 OutlookGBPUSD Jan 14 to Jan 18 OutlookIntraday Cycle Projection (GBPUSD) 2017-02-07EURUSD Nov 21 to Nov 25 OutlookPrecog Vision – Forex 2022-8-25Precog Vision – Forex 2014-1-9S&P 500 Jan 01 to Jan 05 OutlookWeekly Cycle Projection (GBPUSD) 2012-10-22Precog Vision – Forex 2023-5-2AUDUSD Nov 20 to Nov 24 Outlook
As Featured In
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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