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Lawrence's Comment Recap Y-1 support sent ninja back up to Y+1. Rejected on first try giving us a retest of week low. US NFP report sent ninja almost up to Y+2 but ...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 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 Y-0 failed to hold Aussie, got the flush to Y-1. Y-1 found support, zoomed back up to Y+1. Strong reaction to Y+1 yet midpoint of week acted as support. ...READ MOREPrecog Vision – Forex 2021-4-14USDJPY May 05 to May 09 OutlookPrecog Vision – Forex 2012-5-11Precog Vision – Forex 2016-7-11Precog Vision – Forex 2022-8-153DP Odds Table (GBPUSD) 2015-04-21Weekly Cycle Projection (GBPUSD) 2020-03-30AUDUSD Sep 08 to Sep 12 OutlookDow 30 Jun 06 to Jun 10 Outlook3DP Odds Table (GBPUSD) 2016-09-09
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GBPUSD Sep 26 to Sep 30 Outlook
Lawrence’s Comment
No bounce from Y-1. Re-entered the down channel and collapsed to Y-5 before the pair can find any support at all.
Outlook
Down channel re-enforced itself on the pair again and this time resulted in overshooting to the downside.
Divergence low or exhaustion low usually comes off this kind of setup. Thus short side should watch out for sudden high power short squeeze.
If there is a bounce coming, it is likely coming off a retest of B-1 and the initial target is Y-2.
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