Trading Edges That Last
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As Featured In
GBPUSD Feb 24 to Feb 28 Outlook
Lawrence’s Comment
Spike high followed by strong reaction back down below Y+1. Consolidation play with 50% range as expected. Closed the week above Y-0 and near week low.
Outlook
Y-0 is still in play and can happen early next week.
Reaction from below Y-0, specifically quick snap back up above B-1 will setup cable to run higher to retest Y+1 / B+1.
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