GBPUSD Aug 04 to Aug 08 Outlook

By News Robot

Lawrence’s Comment

Recap
Sold off from resistance zone mentioned last week. Dropped to Y-3 breakout target as volatility increases. Closed below Y-3 and at week low.

Outlook
Warned last week wild swings are expected going forward. More down side likely with B-2 first likely temporary support. If support is found at B-2 a pullback to above Y-3 is expected.

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