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Lawrence's Comment Recap Tight range breakout to the upside. Tagged breakout target of Y+3. Closed the week near Y+3 and week high. Outlook Consolidation around B+1 likely until NFP Friday.READ MOREAUDUSD Nov 21 to Nov 25 Outlook3DP Odds Table (GBPUSD) 2016-01-21Dow 30 Mar 18 to Mar 22 Outlook3DP Odds Table (GBPUSD) 2014-01-22Nasdaq 100 May 30 to Jun 03 Outlook3DP Odds Table (GBPUSD) 2014-11-103DP Odds Table (GBPUSD) 2018-07-09Intraday Cycle Projection (GBPUSD) 2019-01-18Intraday Cycle Projection (GBPUSD) 2012-05-08Weekly Cycle Projection (GBPUSD) 2016-02-15
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GBPUSD May 09 to May 13 Outlook
Lawrence’s Comment
Rising wedge broken and gave us Y-1 as expected. Closed the week near Y-1 and week low.
Outlook
The monthly resistance is now confirmed. B-0 / Y+1 very strong resistance for more downside.
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