GBPUSD Nov 07 to Nov 11 Outlook

By News Robot

Lawrence’s Comment

Recap
Pullback below Y-0 early in the week confirmed potential weaknesses. After test of Y+1 and failing to breakout above that, selloff started and dropped down to Y-1 in one go. Stayed sideway the rest of the week between Y-0 and Y-1. Closed the week near Y-0.

Outlook
No clear direction at this point.

Consolidation usually leads to continuation of original trend thus it is more likely to retest B+1 at least one more time.

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