Trading Edges That Last
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GBPUSD Mar 04 to Mar 08 Outlook
Lawrence’s Comment
Opened the week below Y-1 and struggled around Y-1 since. By end of the week, cable can no longer hold the price level and flushed down to almost Y-2. Closed the week near week low and below Y-1.
Outlook
Potential flush low in the making. If cable can hold B-2 and snap back up to above Y-1 on 4 hour close basis, a quick run up will take cable back up to B+3.
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