GBPUSD Jul 21 to Jul 25 Outlook

Recap
Violent reactions to hold onto the uptrend after breach of Y-1 has failed as the resistance zone above was rejected decisively. That opened the door to Y-1 again and later printed the Y-2 target. Closed the week near Y-1 and below midpoint.

Outlook
Decisively rejection of Y+1 and above is now confirmed. Daily up trend not broken yet making this a transitional week that can go both ways.

For now, as long as Y-0 / B-0 zone is acting as resistance, more downside is likely with Y-3 and B-2 targets.