GBPUSD Aug 29 to Sep 02 Outlook

By News Robot

Lawrence’s Comment

Recap
As expected drop down to B-1 area. 100% absolute range expansion completed. Closed the week near midpoint.

Outlook
The spike low against Y-1 means support is found at that level. A retest of Y-1 down to B-1 will setup a powerful long formation.

Breaking below B-1 will give us a quick slide down to B-2.

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