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Lawrence's Comment Recap Lower open did not breach the breakout boundary. Yet first try to go higher stalled below Y+1. Successfully defended defended week low leading to upside breakout to Y+2. Closed ...READ MORELawrence's Comment Recap The drop early in the week was stronger than expected. It cleared Y-1 and has been pressured below Y-1 since. That gave us Y-3 breakout play. Closed the week ...READ MOREIntraday Cycle Projection (GBPUSD) 2012-12-27Intraday Cycle Projection (GBPUSD) 2015-03-03AUDUSD Jan 06 to Jan 10 Outlook3DP Odds Table (GBPUSD) 2013-04-24Intraday Cycle Projection (GBPUSD) 2012-02-15Intraday Cycle Projection (GBPUSD) 2013-06-273DP Odds Table (GBPUSD) 2018-07-27USDCAD Jul 29 to Aug 02 Outlook3DP Odds Table (GBPUSD) 2012-06-26USDJPY Jan 15 to Jan 19 Outlook
As Featured In
GBPUSD Oct 13 to Oct 17 Outlook
Lawrence’s Comment
Cable simply bottom out at Y-1 and rallied to Y-0 as expected. Went sideway since and holding the week mid at the time before took off again to tag the pre-break down crime scene. Strong reaction there leading to a steep pullback to 1.60. Closed the week below Y-0 and B-0.
Outlook
Strong reaction to the crime scene above implies lots of trapped long have not been flushed out from the system. Upside will be capped for a while until enough volatile down side actions taking out the longs. It does not translate to much lower price level. Just more 2-way big swings in the card.
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