GBPUSD Apr 25 to Apr 29 Outlook

By News Robot

Lawrence’s Comment

Recap
Y-1 holds gave us a push for Y+1 and above. Consolidation around Y+1 after 100% absolute range expansion. Closed the week above Y+1 and near week high.

Outlook
4 hour bear flag / up channel in the making. Channel resistance above points to potential pullback to B-0 / Y-0 zone. Clearing the channel resistance points to daily up trend for a run to B+2 and B+3.

Share

  • You must be logged in to comment. Log in