GBPUSD Feb 04 to Feb 08 Outlook

By News Robot

Lawrence’s Comment

Recap
Slided down to B-2 without a fight. Then bear flag up drift back to Y+1. Could not clear the resistance and flushed back down to week low. Closed the week below Y-1 and near week low.

Outlook
That prolonged bear flag was erased in just one day. More weaknesses is expected as long as B-0 is acting as resistance. Tagging B-2 likely.

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