Trading Edges That Last
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As Featured In
GBPUSD Aug 17 to Aug 21 Outlook
Lawrence’s Comment
FBO against previous support confirmed early in the week, opening the door to Y+1 and above. Cable held Y-0 and move higher to Y+1 as expected. Closed the week near Y+1 and week high.
Outlook
Cable back into the range established over the past few weeks. The FBO setup points to more upside to challenge the top boundary over the past few weeks. A breakout above that will lead to a zoom up to at least B+2.
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