GBPUSD May 02 to May 06 Outlook

By News Robot

Lawrence’s Comment

Recap
Upside breakout of Y+1 confirmed the bullish scenario with Y+2 tagged. Consolidation since. Closed the week near Y+2 and above midpoint.

Outlook
Rising wedge potential means a break of the support line will easily send cable back down to B-1. Cable is entering the highest risk time window now as Brexit vote is too close to ignore. Beware of news shock everyday.

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