GBPUSD Jun 04 to Jun 08 Outlook

By News Robot

Lawrence’s Comment

Recap
Swing violently as expected. The unexpected part was that it is to the downside only. Final flush tagged Y-4 and bounced. Closed the week below Y-3.

Outlook
Consolidation likely. B-0 is strong resistance and I do not expect cable to be able to take it out on first 2 tries.

A quick dip below B-1 tagging Y-5 and then snap back up above B-1 points to a push towards B-0.

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