GBPUSD Jan 20 to Jan 24 Outlook

By News Robot

Lawrence’s Comment

Recap
Started the week rejecting Y+1 and dropped quickly. Y-0 then acted as resistance giving us a drop to below Y-1. Yet originaly down side target still not reached and ended with a late week bounce. Closed the week below Y-0 and near midpoint.

Outlook
Rejected Y-1 decisively. Down trend invalidated. Another pair with potential wide range consolidation in play. Not bullish until B+1 / Y+1 is cleared.

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