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Lawrence's Comment Recap Mario Draghi nuked the Euro melt down move and sparked a stop run of almost 500 pips. Closed near Y+4 and above midpoint. Outlook Seasonal effect on Euro is ...READ MORELawrence's Comment Recap 50% range as expected. Consolidation actions. Closed the week near Y-1 and midpoint. Outlook The monthly resistance of 100-102 from years ago is now support. Being able to build ...READ MORELawrence's Comment Recap Consolidation around prior week close as expected. Even the rush to Y+1 could not clear it. Closed the week above Y-0 and below mipoint. Outlook Post Thanksgiving bias points to a ...READ MORELawrence's Comment Recap Just like the forex majors, Dow jumped higher right from the start and stayed there til Fed announcement. The odd thing though, is that the jump did not result ...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) 2013-11-14Intraday Cycle Projection (GBPUSD) 2021-06-01S&P 500 Sep 14 to Sep 18 OutlookEURUSD Dec 07 to Dec 11 OutlookGBPUSD Dec 05 to Dec 09 OutlookUSDJPY Aug 08 to Aug 12 OutlookUSDJPY Apr 01 to Apr 05 OutlookDow 30 Dec 01 to Dec 05 OutlookDow 30 Sep 23 to Sep 27 OutlookPrecog Vision – Forex 2020-12-23
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GBPUSD Nov 17 to Nov 21 Outlook
Lawrence’s Comment
Cable bear flag pushed right into the resistance zone mentioned last week. Bear flag broken to the down side and gave us a clean slide to below Y-2 normal expansion target. Closed the week near Y-2 and below midpoint.
Outlook
Daily down trend continues. Y-1 / B-0 strong resistance. A test of B-1 first and held will give us a bounce back up there. Without that, more downside is expected.
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