GBPUSD Mar 05 to Mar 09 Outlook

By News Robot

Lawrence’s Comment

Recap
Went higher as expected, but only half way through 1-2-3 sell was formed sending cable back down. Closed the week above Y-0.

Outlook
Consistent with euro, signs that the strength in USD is building up.
Maybe, relative value of different brands of toilet paper actually matters.

The weaknesses should carry to next week.

As long as Y+1 stays as resistance, Y-1 is in play.

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