GBPUSD Jan 12 to Jan 16 Outlook

By News Robot

Lawrence’s Comment

Recap
As expected more downside to Y-2 before a bounce. Failed to clear Y-1 leading to extended slide down to Y-3 normal expansion target. Closed the week below Y-2 and midpoint.

Outlook
A retest of B-1 likely. Failure to hold there will drop cable to B-2. Support at B-1 will lead to a bounce back up to B+1.

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