GBPUSD Sep 03 to Sep 07 Outlook

By News Robot

Lawrence’s Comment

Recap
Tried to break Y-0 twice and failed. That staged the rally to test Y+1 as expected. Closed the week below Y+1 as an inside week.

Outlook
Same as last week, if test of Y+1 / B+1 area resulting in a selloff, cable should drop down to B-2 as a minimum.

The more interesting setup is a breakout to the upside, which will push cable to the 1.60 area in one go.

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