GBPUSD Feb 02 to Feb 06 Outlook

By News Robot

Lawrence’s Comment

Recap
Cable held previous week close and started a squeeze back up to Y+1. Y+1 resistance dropped cable back down. Closed the week below Y-0 and midpoint.

Outlook
Ledge like formation on daily points to continuation is more likely than not. The trend was down so expect more downside soon.

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