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GBPUSD Mar 07 to Mar 11 Outlook
Lawrence’s Comment
Rallied back to Y-0 as expected and in fact back up to Y+1 in one swing. Spend the rest of the week consolidating around Y+1.
Outlook
The strength of the pair is clear and a retest of B+1 is very likely early next week. As the first week of March is tight range, if it breaks out to the upside, Y+3 (not shown) target in play.
A w. upthrust against B+1 is a less likely scenario and that will force the pair to move back down to Y-0 to B-1 area.
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