Trading Edges That Last
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GBPUSD Feb 29 to Mar 04 Outlook
Lawrence’s Comment
Breakdown play to Y-2 and then Y-3 normal target materialized. 1.40 round number turned into resistance. Closed the week below Y-3 and near week low.
Outlook
For short term bottom, cable has to complete a FBO against B-1 to get a better chance at clearing B-0. Strong downside momentum means it is better to focus on the short side for now.
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