Trading Edges That Last
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As Featured In
GBPUSD Nov 28 to Dec 02 Outlook
Lawrence’s Comment
Behaved like euro, cable simply failed to hold Y-1 and dropped to below Y-2 and stopped when 100% absolute range expansion was completed. Closed the week at the low of the week.
Outlook
More downside is expected. A down channel is developed and cable will snap out of it sooner or later.
Any bounce should take cable back up to B-0.
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