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GBPUSD Oct 01 to Oct 05 Outlook
Lawrence’s Comment
Slow pullback / consolidation as expected. Closed near Y-1 below midpoint.
Outlook
End of the week sharp reversal points to strong resistance around B+1 area. There is no real support in cable until B-2 area. As long as B-0 is acting as resistance, there is no reason to be bullish.
A slide to B-2 is expected.
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