GBPUSD Sep 15 to Sep 19 Outlook

By News Robot

Lawrence’s Comment

Recap
Cable gapped down and tagged Y-2 first. The stage was set for an up drift back to Y-1. Consolidation week around open instead of previous week close. Closed the week below Y-1 and near week high.

Outlook
All week bear flag. A short squeeze will take cable higher to B+2 but it will likely be capped there. A break of its bear flag support points to at least a retest of B-1.

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