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Lawrence's Comment Recap Dow tried to hold the prior support zone but failed. Flushed down to 16300 round number and defended the level. The quick snap back up gave us a go ...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 One of the most tricky weeks in these few years. First, in beginning of the week swinging around Y-0. Gapped to Y+1 and traded above. The gapped back down ...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 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 MOREDow 30 May 26 to May 30 OutlookIntraday Cycle Projection (GBPUSD) 2023-02-20Intraday Cycle Projection (GBPUSD) 2021-04-21Intraday Cycle Projection (GBPUSD) 2014-01-23Precog Vision – Forex 2011-8-31Nasdaq 100 Jan 28 to Feb 01 OutlookPrecog Vision – Forex 2016-2-16Intraday Cycle Projection (GBPUSD) 2013-05-17Precog Vision – Forex 2017-8-15Intraday Cycle Projection (GBPUSD) 2011-11-23
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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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