GBPUSD Apr 15 to Apr 19 Outlook

By News Robot

Lawrence’s Comment

Recap
Consolidated around previous week close. 50% of previous week range. Closed the week near previous week close, Y+1 and midpoint.

Outlook
Due to the fact that cable failed to close above Y+1, the consolidation is weaker than usual for a run to new high. Hence cannot rule out the possibility to pullback down to B-1 once more.

Only when B-0 can act as support that we have a better chance for a move to B+2.

Share

  • You must be logged in to comment. Log in