GBPUSD Jun 24 to Jun 28 Outlook

By News Robot

Lawrence’s Comment

Recap
As expected a rounding top that FBO against Y+1 and gave us Y-1 easily. The bonus is the move down to Y-2 to end the week. Closed the week near week low and below Y-1.

Outlook
Outside week with close below Y-1 is a strong bearish setup for more downside. As long as Y-1 acting as resistance B-2 in play.

The implication of the potential move is an interesting one though as what can drive Cable dropping another 200 pips this quickly?

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