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GBPUSD Jun 06 to Jun 10 Outlook
Lawrence’s Comment
Sudden reversal as expected. Breaking below Y-0 gave us Y-1. 100% absolute range expansion stopped the drop and another sudden reversal by US NFP report. Closed the week below Y-0 and midpoint.
Outlook
Brexit countdown. News shocks should be expected everyday. Compression around the current level with long tails at both ends likely.
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