Trading Edges That Last
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GBPUSD Mar 21 to Mar 25 Outlook
Lawrence’s Comment
Strong resistance above on higher timeframe gave us a freefall back down to below Y-1. Yet central banks working together turned the move into FBO against Y-1 and slingshot cable back up to Y+1. Closed the week above Y+1 and near week high.
Outlook
Pure surprise move caught majority of players offguard. As long as Y+1 acting as support, a push towards Y+2 and above in play. Y+1 turning into resistance will give us a drop to B-0 and below.
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