GBPUSD Jul 11 to Jul 15 Outlook
By News Robot
Lawrence’s Comment
Recap
More downside as expected with Y-0 acting as resistance. Cable pushed towards Y-3 target and held up at 1.28 round number. Closed the week near Y-2 and below midpoint.
More downside as expected with Y-0 acting as resistance. Cable pushed towards Y-3 target and held up at 1.28 round number. Closed the week near Y-2 and below midpoint.
Outlook
Potential parabolic move in the making, if so, cable will not move above the Brexit low / Y-0 area and zoom down to B-3 and below.
Comments
Hi LC you mentioned potential parabolic move in the making, does this mean the end stage ie. The Run stage that will be unfolding?
yes.