Trading Edges That Last
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GBPUSD Jun 20 to Jun 24 Outlook
Lawrence’s Comment
Consolidation play around Y-1 then wild swings due to news shocks later in the week. Closed the week below Y-0 and near week high.
Outlook
Cable anchored itself to the same parking spot over past few weeks. Brexit now the only thing that matters. Staying on the sideline until first reaction to the outcome is necessary before we can tell what the market is intending to do.
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