Trading Edges That Last
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GBPUSD Jul 09 to Jul 13 Outlook
Lawrence’s Comment
B-0 failed to act as support on pullback leading to a flush back down to Y-1. News shock played a big role on the flush though. Closed the week at the low and below Y-1.
Outlook
Outside down week is a very strong bearish setup. That capped the upside for next week to B-0. A drop down to Y-2 / B-2 is expected.
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