GBPUSD Sep 02 to Sep 06 Outlook

By News Robot

Lawrence’s Comment

Recap
Failed to challenge Y-0, bias for the week to tag Y-2 materialized. At 100% absolute range expansion, cable found support and bounced back up. Closed the week below Y-1 and midpoint.

Outlook
The obsession with 1.50 continues. To turn bullish, need to see cable move above Y-1 and then 1.50 / B-0 zone acting as support, that will be a good platform for a run to at least B+1.

As long as Y-1 acting as resistance, further downside in play.

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