GBPUSD Nov 28 to Dec 02 Outlook

By News Robot

Lawrence’s Comment

Recap
Behaved like euro, cable simply failed to hold Y-1 and dropped to below Y-2 and stopped when 100% absolute range expansion was completed. Closed the week at the low of the week.

Outlook
More downside is expected. A down channel is developed and cable will snap out of it sooner or later.

Any bounce should take cable back up to B-0.

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