GBPUSD Oct 20 to Oct 24 Outlook

Recap
As expected, 2-way big swings ended up going nowhere. Started the week pushing against Y-0 and failed. cable dropped until 100% absolute range expansion was reached. Bounced back to the pre-flush price and immediately swinged back down to the the low. Yet, cable held the low and took off. Closed the week near Y-0 and above midpoint.

Outlook
The 2-way swing has produced a bottom-like formation but not strong enough to produce a bullish close. This implies cable has to defend Y-1 / B-0 this week or B-1 and below will be in play.