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Lawrence's Comment Recap NQ gap and go right from the start of the week to clear the strong resistance of Y-0 and filled the open gap above. This led to retest of ...READ MORELawrence's Comment Recap Drifted back up to Y-0 as expected. Sideway actions since. Closed the week below Y-0 and near week low. Outlook The expectation of retesting Y-1 is still in play. ...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 MORE3DP Odds Table (GBPUSD) 2013-11-12Intraday Cycle Projection (GBPUSD) 2012-01-25Nasdaq 100 Apr 27 to May 01 OutlookIntraday Cycle Projection (GBPUSD) 2013-02-063DP Odds Table (GBPUSD) 2023-05-02USDJPY Feb 22 to Feb 26 OutlookPrecog Vision – Forex 2020-11-26Hot n Cold (GBPUSD) 2021-7-16Weekly Cycle Projection (GBPUSD) 2012-09-10Nasdaq 100 Apr 01 to Apr 05 Outlook
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GBPUSD Feb 22 to Feb 26 Outlook
Lawrence’s Comment
Breakout play after Y-0 failed to hold gave us Y-2. Bounced back up to crime scene above and consolidated since. Closed below Y-0 and near midpoint.
Outlook
The date is now set on UK’s EU membership referendum. This will make trading Cable more difficult as polls released regularly will affect the short term swings. That being said, Y-0 / B-0 resistance breakingn below Y-1 will give us a drop to Y-3. Potential down channel in the making on 4 hours.
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