Trading Edges That Last
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GBPUSD Apr 18 to Apr 22 Outlook
Lawrence’s Comment
Previous week close support sent cable up to test Y-1. Y-1 resistance dropped this back down to week low / 1.41 round number. Closed the week above Y-0 and near midpoint.
Outlook
Potential swing bottom in the making as we are getting close to Brexit event. Clean breakout above Y+1 / B+1 points to B+2 and B+3 in play.
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