GBPUSD May 30 to Jun 03 Outlook

Recap
First half of the week dropped below Y-1 as expected. Then, reversed its course pretty much in sync with Aussie and Euro. Breaking above Y+1 in one sharp move points to Y+3 in play. Ended the week tagging Y+3.

Outlook
Outside week with range greater than 200% of prior week. Y+4 is in play.

After Y+4 is tagged, however, it is likely to consolidate between Y+2 and Y+4.