Trading Edges That Last
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GBPUSD Jun 13 to Jun 17 Outlook
Lawrence’s Comment
Compression within Y-1 / Y-0 initially as expectation. Fake out on both ends as expected too. End of week collapse sent cable down to normal Y-2 downside target. Closed the week near Y-2 and below midpoint.
Outlook
Last week from Brexit and liquidity issue will easily swing cable both ways. Only deep pocket style money management can work if you swing play. Better stay on the sideline or go for a vacation until several days after Brexit vote is over.
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