Trading Edges That Last
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GBPUSD Jan 19 to Jan 23 Outlook
Lawrence’s Comment
Inside week consolidation around Y-0. Closed the week below Y-0 and midpoint.
Outlook
The downside retest of Y-1 has not happened yet so it is still in the card this week. If cable can hold Y-1 / B-2 zone and snap back up quickly above Y-0, we have a short term low in place.
Without that, down trend intact.
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