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Lawrence's Comment Recap Not only Dow fulfilled our upside target of 12000 mentioned last week, it actually completed 100% absolute range expansion before stalling. Closed the week near the high of ...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 MORELawrence's Comment Recap Strength in gold helping to push this pair lower. Resistance at 1.08 was not even challenged. Y-1 resistance gave way to Y-2 target. Closed the week below Y-2 and ...READ MOREDow 30 Oct 31 to Nov 04 OutlookHot n Cold (GBPUSD) 2016-3-25Precog Vision – Forex 2022-2-28Intraday Cycle Projection (GBPUSD) 2017-11-15Intraday Cycle Projection (GBPUSD) 2017-10-043DP Odds Table (GBPUSD) 2022-10-18Intraday Cycle Projection (GBPUSD) 2017-01-02Intraday Cycle Projection (GBPUSD) 2017-07-13Intraday Cycle Projection (GBPUSD) 2022-06-02USDCAD Jun 30 to Jul 04 Outlook
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GBPUSD May 23 to May 27 Outlook
Lawrence’s Comment
Brexit effect controlling cable all week. FBO Y-1 in the beginning of the week sent cable back up to Y+1. Bull flag on 4 hours pullback to 1.44 round number to form inverse head and shoulder. Breakout of the neckline gave us Y+2. Strong reaction at Y+2 dropped cable back down to midpoint. Close the week above Y-0 and midpoint.
Outlook
Brexit in full force now. Every piece of news can swing cable hard due to reduced liquidity as size players will not bet on the outcome. Wait and see situation here.
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