GBPUSD Sep 07 to Sep 11 Outlook

By News Robot

Lawrence’s Comment

Recap
Cable attempted to hold Y-1 and failed. Consolidation below Y-1 also failed later in the week resulting in a drop until 50% range expansion completed. Closed the week below Y-1 and near week low.

Outlook
Down channel in tight range do not last. A flush is in the card which is in line with the parabolic pattern. B-3 target.

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