Trading Edges That Last
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GBPUSD May 18 to May 22 Outlook
Lawrence’s Comment
Cable holding previous week close early in the week started a breakout until 100% absolute range expansion is reached. Closed the week near Y+2 and above midpoint.
Outlook
This last push higher clearing 1.56 was a major stop run. This makes the rally unstable and a pullback to B-0 / Y+1 is likely.
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