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Lawrence's Comment Recap Found support near Y-1 and started an up drift back to crime scene last week. Closed the week above Y-0 and midpoint. Outlook Another pair with inside week formation. ...READ MORELawrence's Comment Recap Once Y-0 was breached, we get our target Y-2. Pretty easy, isn't it? Outlook B-1 is potentially a strong support level as many shorts are trapped underneath. If B-1 acts as ...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 MORE3DP Odds Table (GBPUSD) 2011-04-26AUDUSD Aug 18 to Aug 22 OutlookUSDJPY Apr 18 to Apr 22 OutlookPrecog Vision – Forex 2022-10-19Weekly Cycle Projection (GBPUSD) 2014-09-08Intraday Cycle Projection (GBPUSD) 2016-06-073DP Odds Table (GBPUSD) 2019-05-24GBPUSD Dec 25 to Dec 29 OutlookIntraday Cycle Projection (GBPUSD) 2017-09-063DP Odds Table (GBPUSD) 2012-09-06
As Featured In
GBPUSD Jun 25 to Jun 29 Outlook
Lawrence’s Comment
Rallied a bit more to the upside and fulfilled the upside target as mentioned last week. News shock later in the week sent cable back down to Y-0. Closed the week near week low and Y-0.
Outlook
Cable is sitting at the bottom of an upchannel. Depending the timeframe you use, it can be either sitting at the support or already broken and right below that.
Early next week if cable can pop back above B-0, then another leg going higher to above B+1 is likely.
If cable spends a lot of time around B-1 and only drift up to B-0, it is likely the short term uptrend is over and a stronger pullback is due with target at B-2 or lower.
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