GBPUSD Jun 27 to Jul 01 Outlook

By News Robot

Lawrence’s Comment

Recap
Y-0 acted as resistance as expected and sent the pair to retest Y-1. Y-1 did not offer much support at all until 100% absolute range expansion is reached.

Outlook
1.6 is an important support zone in longer timeframe. If cable can rally from B-1 to break above B-0, B+1 will be tagged quickly.

Breaking below Y-2 can be extremely bearish as the selloff we have witnessed can accelerate to the downside.

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