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Lawrence's Comment Recap Rare case scenario opened above the top of the resistance zone mentioned last week. That triggered a strong squeeze to above Y-0. Tricky but not unexpected. Upside push to ...READ MORELawrence's Comment Recap Y+2 capped the rally and sold off quickly off there as mentioned last week. Closed the week below Y+1. Outlook As long as B-0 to B+1 area acts as ...READ MORELawrence's Comment Recap Got the retest I was looking for and dropped to support trend line like playing from a script. ES took off since and went straight up for Y+1. Closed ...READ MORELawrence's Comment Recap Breakout on 4 hours was not triggered. Instead we get another tight range consolidation week. Closed the week near Y-0 and above midpoint. Outlook 2 weeks of tight range ...READ MORELawrence's Comment Recap Consolidation at 50% previous week range. Y+1 resistance with Y-0 support all week. Closed the week above Y-0 and below midpoint. Outlook Breaking below Y-0 / B-1 points to ...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 MOREIntraday Cycle Projection (GBPUSD) 2012-10-17Dow 30 Mar 24 to Mar 28 OutlookIntraday Cycle Projection (GBPUSD) 2018-11-23Dow 30 Jan 30 to Feb 03 Outlook3DP Odds Table (GBPUSD) 2016-03-24S&P 500 May 26 to May 30 OutlookUSDJPY Apr 23 to Apr 27 OutlookGBPUSD Apr 06 to Apr 10 OutlookNasdaq 100 Apr 11 to Apr 15 OutlookPrecog Vision – Forex 2019-5-15
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GBPUSD May 14 to May 18 Outlook
Lawrence’s Comment
News from Europe created a new wave of sell pressure across European currencies against US dollar. Cable was forced to break Y-1 leading to a flush to Y-2. Closed the week at its low and Y-2.
Outlook
Tricky juncture. Potential long term top in the making if Y+1 ended up being retested and rejected in a few weeks.
Next week, as long as B-1 can act as support, a run back up to B+1 is likely.
If cable flush below B-2 early in the week, B-0 will turn into strong resistance zone.
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