Trading Edges That Last
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GBPUSD Mar 10 to Mar 14 Outlook
Lawrence’s Comment
Consolidation week. Edged higher above Y+1 but failed to hold above it. Closed the week above Y-0 and near midpoint.
Outlook
There is no real direction developed from the week. Ukraine situation is now center stage and the development there will dictate the direction of the next move. Not the best envrionment to bet before the dust settled.
Expect cable to be trapped inside the range over the past 3 weeks.
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