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GBPUSD Jul 30 to Aug 03 Outlook
Lawrence’s Comment
Pulled back to Y-1 as expected and rallied off there back to Y+1. Still the most predictable pair among the majors. Closed the week near week high.
Outlook
Summer Games started. Expecting major slow down in trading on European currencies.
As long as ECB and its peers also focus on the games instead of producing news shocks, sideway consolidation week is expected.
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