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Lawrence's Comment Recap Just like the other majors, we have consolidation until Friday. Fade out new low for the week provided the fuel needed to clear Y+1. Closed the week above Y+1 ...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 MORELawrence's Comment Recap Consolidation as expected. Tight range around previous week close until US NFP came out. Y+2 normal upside target tagged. Closed the week above Y+1 and midpoint. Outlook Daily ledge ...READ MOREIntraday Cycle Projection (GBPUSD) 2016-01-26Intraday Cycle Projection (GBPUSD) 2014-07-083DP Odds Table (GBPUSD) 2015-09-223DP Odds Table (GBPUSD) 2019-10-07USDCAD Aug 29 to Sep 02 OutlookWeekly Cycle Projection (GBPUSD) 2022-12-19Precog Vision – Forex 2023-5-2Hot n Cold (GBPUSD) 2019-7-263DP Odds Table (GBPUSD) 2011-04-21USDJPY Jun 08 to Jun 12 Outlook
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GBPUSD Jul 04 to Jul 08 Outlook
Lawrence’s Comment
No breakout. Simply consolidated within Y-1 to Y-0.
Outlook
Y-0 is the resistance area we are looking for a clue for continuation selloff or a break of the downtrend. So far pressed below Y-0 means at least one more test of Y-1 to B-1 is in play.
The more profitable setup and also less likely – if cable holds above B-0 and start to run up above Y-0 to B+1, we get B+2 and B+3 quickly.
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