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Lawrence's Comment Recap Cannot clear previous week close and led to all out selloff down to Y-3 target. Bounced from Y-3 and tested Y-1 from below. Closed the week below Y-1 and ...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 Break below Y-1 and that Y-1 turned into resistance, the bearish case unfolded. We got our target of Y-2 by mid week. The tricky part is that 1280 ...READ MORELawrence's Comment Recap As expected, Cable has more upside to go and that played out last week. A directional squeeze up to Y+2 near 1.7 finally produced an exhaustion. Cable weaken since ...READ MORES&P 500 Apr 10 to Apr 14 OutlookIntraday Cycle Projection (GBPUSD) 2017-03-16Intraday Cycle Projection (GBPUSD) 2012-08-28GBPUSD Jul 13 to Jul 17 OutlookWeekly Cycle Projection (GBPUSD) 2011-12-19Precog Vision – Forex 2017-8-153DP Odds Table (GBPUSD) 2020-07-02S&P 500 Jun 13 to Jun 17 OutlookUSDJPY Apr 23 to Apr 27 OutlookGBPUSD May 12 to May 16 Outlook
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Lawrence’s Comment
Behaved like euro, cable simply failed to hold Y-1 and dropped to below Y-2 and stopped when 100% absolute range expansion was completed. Closed the week at the low of the week.
Outlook
More downside is expected. A down channel is developed and cable will snap out of it sooner or later.
Any bounce should take cable back up to B-0.
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