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Lawrence's Comment Recap Limited upside done on Monday. Held onto 50% pullback from the swing low 2 weeks prior. Test of Monday high failed and stalled back down to Y-0. Closed the ...READ MORELawrence's Comment Recap Consolidation expectation worked out nicely. Ninja zoomed to Y+1 and found resistance. After 2nd try at Y+1 and failed to clear the stage was set for a drop back ...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 Intervention effect completely washed out in just a few days. Yen closed around Y-1. Outlook Complete reversal of a sharp move indicates rejection. The difficult here is that the ...READ MORE3DP Odds Table (GBPUSD) 2013-10-07Dow 30 Feb 08 to Feb 12 OutlookDow 30 Jul 26 to Jul 30 OutlookUSDJPY Apr 06 to Apr 10 Outlook3DP Odds Table (GBPUSD) 2013-12-02Precog Vision – Forex 2020-5-73DP Odds Table (GBPUSD) 2015-04-03USDJPY Aug 15 to Aug 19 OutlookGBPUSD Jun 20 to Jun 24 OutlookAUDUSD Mar 29 to Apr 02 Outlook
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GBPUSD Sep 30 to Oct 04 Outlook
Lawrence’s Comment
As expected, cable price trapped between Y-1 to Y+1. Attempt to break lower failed then higher high and higher low swinged cable back up to almost Y+1. Closed the week near week high and above Y-0.
Outlook
Potential important swing top in the making. A test of Y+1 or FBO against it will give us a strong breakdown setup with closest target below B-2.
As every country is printing its way out, UK will take advantage of this strength in cable to print more, implying next round of selloff is just around the corner.
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