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GBPUSD Feb 15 to Feb 19 Outlook
Lawrence’s Comment
Tight range 2-way swings as expected. 50% week range. Closed the week near Y-0 and midpoint.
Outlook
Compression points to breakout mode. The struggle to hold Y-0 points to potential resumption of the weekly down trend in the making. Breaking below B-1 points to B-2 and waterfall to B-3.
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