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Lawrence's Comment Recap Opened strong challenging Y+1 but failed to go higher. That opened the door to other extreme at Y-1. Dropped down to almost there at 100% absolute range expansion and ...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 MORE3DP Odds Table (GBPUSD) 2017-07-133DP Odds Table (GBPUSD) 2019-08-30Intraday Cycle Projection (GBPUSD) 2012-04-02USDCAD Jan 06 to Jan 10 OutlookS&P 500 Sep 21 to Sep 25 Outlook3DP Odds Table (GBPUSD) 2021-10-113DP Odds Table (GBPUSD) 2016-09-203DP Odds Table (GBPUSD) 2019-10-07Precog Vision – Forex 2016-1-22Dow 30 Nov 02 to Nov 06 Outlook
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GBPUSD Nov 18 to Nov 22 Outlook
Lawrence’s Comment
Got the expected selloff to Y-1 early in the week. Instead of staying below Y-1, Cable immediately fended off the selling by forming a 1-2-3 buy there. The FBO against Y-1 gave us a go for Y+1. Got that by the end of the week too. Closed the week near Y+1 and week high.
Outlook
Outside week with close right at the boundary Y+1. It is a bullish reversal without confirmation. Cable may have to retest Y-0 / B-0 to prove its strength before it can push higher from here.
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