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Lawrence's Comment Recap Last week mentioned in S&P 500 commentary that both Y+1 and Y-1 may be tagged, and in Nasdaq 100 I called that double whiplash. We got exactly ...READ MORELawrence's Comment Recap Attempted downside first but failed to stay below Y-0. Drifted up slowly yet failed to push above 121 and collapsed back down. Closed the week below Y-0 and near ...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 MOREUSDJPY Dec 17 to Dec 21 OutlookUSDCAD Jan 07 to Jan 11 OutlookDow 30 Nov 12 to Nov 16 OutlookAUDUSD Sep 04 to Sep 08 OutlookDow 30 Jul 15 to Jul 19 Outlook3DP Odds Table (GBPUSD) 2014-02-073DP Odds Table (GBPUSD) 2011-09-08USDJPY Sep 21 to Sep 25 OutlookGBPUSD Sep 09 to Sep 13 OutlookPrecog Vision – Forex 2022-5-10
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GBPUSD May 04 to May 08 Outlook
Lawrence’s Comment
Cable took out Y+2 as expected and stalled at 100% absolute range expansion. 1-2-3 sell on 4 hour sent cable back to where it started. Closed the week below Y+1 and near week low.
Outlook
V-shape reversal against the monthly level resistance zone implies the resistance zone is a very strong one. B-0 and above now resistance until proven otherwise. A drop to B-2 is in play.
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