GBPUSD Jun 13 to Jun 17 Outlook

By News Robot

Lawrence’s Comment

Recap
Three pushes against Y-0 and failed to take it out. Leading to a selloff of 100% absolute range expansion to the dowside. Closed at the low of the week.

Outlook
Tricky setup here.

If Y-2 to B-1 acts as a platform sending the pair higher to break above B-0, this will turn into a continuation long setup pointing to B+2 or higher price level.

If early in the week B-1 to Y-1 turns into resistance leading to lower prices, then B-2 is the 1st target.

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