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Lawrence's Comment Recap Held right near Y+1 and then breakout to the upside again. Tagged Y+2 and paused. Zoomed to Y+3 and pullback from there since. Closed the week above Y+2 and ...READ MORELawrence's Comment Recap Moved back to support as expected and the structured selling reappeared. Finally the support level was broken leading to a flush doubling the consolidation range and tagged Y-1 in ...READ MORELawrence's Comment Recap As mentioned last week, strong support at Y-0 with more upside expected. Unfolded without surprise. Closed the week above Y+1 and midpoint. Outlook Aussie and Lonnie are both under the influence ...READ MOREHot n Cold (GBPUSD) 2020-8-7Intraday Cycle Projection (GBPUSD) 2020-12-15EURUSD Feb 04 to Feb 08 Outlook3DP Odds Table (GBPUSD) 2014-04-22Intraday Cycle Projection (GBPUSD) 2015-09-23USDCAD Apr 15 to Apr 19 OutlookUSDCAD Jun 26 to Jun 30 OutlookUSDCAD Dec 02 to Dec 06 Outlook3DP Odds Table (GBPUSD) 2023-04-11Weekly Cycle Projection (GBPUSD) 2015-03-23
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GBPUSD Jun 27 to Jul 01 Outlook
Lawrence’s Comment
Twists and turns in the events leading to Brexit vote caused cable to run the stops above. Due to limited liquidity cable cannot stop its stop run until long term key resistance at 1.50 was tagged. Brexit vote count turned the tide thus giving us equal distance downside target off previous week range. Closed the week near Y-3 and below midpoint.
Outlook
Brexit or not the outcome should still be the same – down, as the one standing to benefit from the fallout of Brexit can only be US. Y-1 / B-0 very strong resistance. Expect more wild rides as margin hikes are reported everywhere.
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