Trading Edges That Last
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GBPUSD Jan 07 to Jan 11 Outlook
Lawrence’s Comment
The slight weekly bias towards the upside gave cable a boost to Y+3. Then fiscal cliff deal changed everything sending cable back down to Y-2. Closed the week near week low and below Y-1.
Outlook
Cable hammered a short term high in place. As long as B-0 upto Y+2 stays as resistance cable should trade lower in coming weeks. Looking for swing trade opportunities to the downside.
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