Trading Edges That Last
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GBPUSD Nov 09 to Nov 13 Outlook
Lawrence’s Comment
Beautiful whiplash play from resistance mentioned last week. Breaking support without putting up a fight at all. 200% range expansion. Closed the week below Y-2 and near week low.
Outlook
Wide range outside reversal week is bearish. So more downside is expected. If support is found at round # 1.50, a volatile consolidation week may happen with 50% range.
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