GBPUSD Nov 05 to Nov 09 Outlook

Recap
Tagged upside target after bounced off Y-0. That played out as expected. Disappointed, however, that cable failed to hold above Y+1 as support and dropped back down to week low. Closed the week near week low and Y-0.

Outlook
The week before last we have rejection of 1.60 which gave us Y+1 and above. Now, it is the opposite – as long as B-0 is acting as resistance, or, if cable dropped quickly below B-1 and that turning into resistance, cable will be forced to drop to B-2 and below.

Sticky situation here as we are also waiting for reactions to US Election results.