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Lawrence's Comment Recap Drifted lower as expected. Found support at previous spike low and bounced back up to Y-0. Closed the week below Y-0 and above midpoint. Outlook The consolidation is likely ...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 Aussie capped by monthly level resistance while finding support at weekly level. Hence trapped within Y-1 and Y+1. Closed the week below Y-0 and midpoint. Outlook Breakout mode with ...READ MORE3DP Odds Table (GBPUSD) 2012-09-12USDJPY Jul 03 to Jul 07 OutlookUSDCAD Feb 23 to Feb 27 Outlook3DP Odds Table (GBPUSD) 2013-04-123DP Odds Table (GBPUSD) 2013-03-21Intraday Cycle Projection (GBPUSD) 2013-06-24Precog Vision – Forex 2013-5-293DP Odds Table (GBPUSD) 2019-01-14Intraday Cycle Projection (GBPUSD) 2018-08-08AUDUSD Apr 11 to Apr 15 Outlook
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GBPUSD Sep 12 to Sep 16 Outlook
Lawrence’s Comment
As expected sold off from our resistance area. Better yet it dropped more than the minimal target to below Y-2 clearing the way to tag Y-3. Closed the week near Y-3.
Outlook
Controlled channel drop with no surprises nor breakout upside or downside at all. That is very unusual because Euro was toasted big time yet cable is not following closely. That tell us that cable has hidden strength building up and possibly a bottom in the making.
Will avoid this pair next week as it will be difficult to predict which way the channel will snap out of first.
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