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Lawrence's Comment Recap First test of Y-1 led to pullback to Y-0. Y-0 held very well and gave us Y+2. Then euro zone news shock sending the pair all the ...READ MORELawrence's Comment Recap Failed to clear resistance mentioned last week. Tagged Y-2 downside target by end of the week. No surprise and easy week. Closed the week near week low and Y-2. Outlook Slow ...READ MOREHot n Cold (GBPUSD) 2011-11-2Weekly Cycle Projection (GBPUSD) 2011-09-193DP Odds Table (GBPUSD) 2021-02-04Hot n Cold (GBPUSD) 2011-8-31Hot n Cold (GBPUSD) 2016-2-26USDCAD Jul 02 to Jul 06 OutlookEURUSD May 20 to May 24 OutlookDow 30 Dec 05 to Dec 09 OutlookIntraday Cycle Projection (GBPUSD) 2013-08-30Intraday Cycle Projection (GBPUSD) 2012-04-02
As Featured In
GBPUSD Mar 17 to Mar 21 Outlook
Lawrence’s Comment
Rejected upper end of the 3 week range gave us a run back down to the bottom of the range. Not a difficult play at all. Y-2 was tagged and led to a strong bounce. However, Y-0 stopped the run and forced a drop back down to below Y-1. Closed the week near Y-1 and below midpoint.
Outlook
Still trapped inside the same range. Compression on daily has reached critical level. A breakout of this range should give us the normal breakout target.
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