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Lawrence's Comment Recap Retested Y+1 as expected. Then pullback to midpoint of the week. Closed the week above midpoint. Outlook Congestion between B-0 to Y+1, or, breakout to B+2 in play. A less ...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 MOREAUDUSD Jan 16 to Jan 20 OutlookIntraday Cycle Projection (GBPUSD) 2020-07-20Intraday Cycle Projection (GBPUSD) 2011-09-083DP Odds Table (GBPUSD) 2015-03-273DP Odds Table (GBPUSD) 2014-01-063DP Odds Table (GBPUSD) 2011-08-22Intraday Cycle Projection (GBPUSD) 2019-08-08Precog Vision – Forex 2013-5-153DP Odds Table (GBPUSD) 2011-12-153DP Odds Table (GBPUSD) 2022-08-23
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GBPUSD Nov 28 to Dec 02 Outlook
Lawrence’s Comment
Behaved like euro, cable simply failed to hold Y-1 and dropped to below Y-2 and stopped when 100% absolute range expansion was completed. Closed the week at the low of the week.
Outlook
More downside is expected. A down channel is developed and cable will snap out of it sooner or later.
Any bounce should take cable back up to B-0.
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