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GBPUSD Jul 22 to Jul 26 Outlook
Lawrence’s Comment
The more predictable pair as usual. Held Y-0 and rallied to upside target mentioned last week. Not impressive strong run though. Closed the week above Y+1 and near week high.
Outlook
The run is not strong enough to clear the resistance but it is also not weak enough to be considered as a false breakout. Clear rising wedge pattern suggests potential FBO in the making if Cable breaks below B-0 quickly, a retest of B-1 and flushing down to B-2 likely.
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