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Lawrence's Comment Recap Rallied continued to tag Y+2. Turned into spike high and breached Y+1 giving us more downside. Dropped down to below Y-0 and found support. Closed the week above Y+1 ...READ MOREGBPUSD Jul 02 to Jul 06 OutlookAUDUSD Dec 31 to Jan 04 Outlook3DP Odds Table (GBPUSD) 2014-06-183DP Odds Table (GBPUSD) 2011-09-223DP Odds Table (GBPUSD) 2016-03-31Intraday Cycle Projection (GBPUSD) 2019-05-22Intraday Cycle Projection (GBPUSD) 2016-07-26USDJPY Dec 09 to Dec 13 OutlookIntraday Cycle Projection (GBPUSD) 2018-04-06Hot n Cold (GBPUSD) 2013-4-12
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GBPUSD Mar 12 to Mar 16 Outlook
Lawrence’s Comment
Bounced back up to resistance I mentioned last week. Sold off in 2 legs down to target. Still my favorite pair. Closed at the low of the week.
Outlook
A drop in B-2 is in play. How cable reacts there will determine if cable is following the macro trend of US dollar strengthening play.
A less likely scenario is that cable breaks B-1 to the downside and bounces back up quickly above B-1. That will force the pair back up to B+1 and possibly higher. This scenario requires US dollar weakening across the board to happen.
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