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Lawrence's Comment Recap The more interesting scenario happened. Cable held Y-0, breakout of Y+1 and gave us 1.60 and Y+3 in 1 go. Essentially no heat taken. Cannot ask for ...READ MORELawrence's Comment Recap No run down to Y-2. Double bottom at Y-1 and the breakout at Y+1 gave us Y+3 target by STOPD. Almost tagging Y+3 by end of week. ...READ MORELawrence's Comment Recap 3rd leg down resulted in a fight to defend of Y-1 which eventually led to a run for Y-0 test after Mrs. Yellen's comments. Since 2nd swing low was ...READ MORELawrence's Comment Recap Easy play of the week. Broke Y-1 and then flush to Y-3 target as expected. Closed the week above Y-3 and below midpoint. Outlook 1.35 has been long term support for ...READ MOREWeekly Cycle Projection (EURUSD) 2011-11-21Intraday Cycle Projection (EURUSD) 2022-04-27GBPUSD Sep 10 to Sep 14 OutlookWeekly Cycle Projection (EURUSD) 2017-08-14Intraday Cycle Projection (EURUSD) 2011-08-15GBPUSD Apr 23 to Apr 27 OutlookMBO Issue 84 (Dec 2018) Santa Claus onAUDUSD Aug 29 to Sep 02 OutlookIntraday Cycle Projection (EURUSD) 2012-10-09EURUSD Jul 21 to Jul 25 Outlook
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EURUSD May 26 to May 30 Outlook
Lawrence’s Comment
Euro made this unusual slow drift back down. 100% absolute range expansion ended the week. Closed the week below Y-1 and near week low.
Outlook
As mentioned last week, the original preferred price range for euro was 1.32 to 1.36. Euro is just hammered down to 1.36 for a wait-and-see game there.
Need to see reaction there to determine if we get an all out drop back into the “allowed range”.
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