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Lawrence's Comment Recap More squeeze on the shorts again as euro zone feeding out more b.s. repeatedly over the week. Yet euro can only tag Y+2 and stalled. Last minute ...READ MORELawrence's Comment Recap As expected, Aussie dropped below B-1. Since then it has consolidated around 50% previous week range. Closed the week below Y-1 and midpoint. Outlook Until Aussie can stage a strong reversal ...READ MORELawrence's Comment Recap Failed to challenge Y-0, bias for the week to tag Y-2 materialized. At 100% absolute range expansion, cable found support and bounced back up. Closed the week below Y-1 ...READ MOREIntraday Cycle Projection (GBPUSD) 2018-08-31EURUSD Jan 30 to Feb 03 OutlookAUDUSD Dec 02 to Dec 06 OutlookAUDUSD Oct 31 to Nov 04 Outlook3DP Odds Table (GBPUSD) 2019-10-07Nasdaq 100 Jul 09 to Jul 13 Outlook3DP Odds Table (GBPUSD) 2021-08-12Nasdaq 100 Apr 30 to May 04 Outlook3DP Odds Table (GBPUSD) 2023-05-02GBPUSD Sep 02 to Sep 06 Outlook
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GBPUSD Mar 25 to Mar 29 Outlook
Lawrence’s Comment
Slow drift back down near Y-0 as expected. Then took off and tagged Y+1. Pushing higher since. Closed the week above Y+1 and midpoint.
Outlook
I was looking for Y+2 by end of week but it did not get there. With the trouble happening in Europe, cannot blame the pair for not moving swiftly against US dollar.
This week will be mainly news / event driven due to the Cyprus issue. If US Fed is going to do something about the situation, cable can zoom above Y+2 / B+2 quickly.
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