Trading Edges That Last
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GBPUSD Sep 05 to Sep 09 Outlook
Lawrence’s Comment
Further pullback happened but Y-1 was not tagged. This gives cable the strength to clear Y-0 and gun for Y+1 and above. Closed the week above Y+1 and midpoint.
Outlook
Stop run does not last. B+1 resistance will send this back down to B-0 / Y-0. Failing to close above support zone points to FBO on weekly in the making.
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