GBPUSD Aug 10 to Aug 14 Outlook

By News Robot

Lawrence’s Comment

Recap
Trapped in same range as in past several weeks. Then downside breakout happened. Closed the week near Y-1 and below midpoint.

Outlook
For the breakout to continue, Y-1 must act as resistance and force cable lower quickly. FBO against Y-1 will produce a sharp squeeze higher back up to challenge Y+1.

Share

  • You must be logged in to comment. Log in