GBPUSD Jan 18 to Jan 22 Outlook

By News Robot

Lawrence’s Comment

Recap
Monthly level weaknesses continues. Attempt to clear Y-0 failed leading to selloff down to Y-3 normal target. Closed the week near Y-3 and week low.

Outlook
Short term support at round number 1.45. Potential consolidation around B-1. If flush down without tagging B-2 and snap back up quickly above B-1, a pullback to Y-2 / B-0 will be in play.

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