GBPUSD Nov 16 to Nov 20 Outlook

By News Robot

Lawrence’s Comment

Recap
Found support from Y-1 / previous week close and started an up drift back up to Y-0. Closed the week below Y-0 and above midpoint.

Outlook
Thin up channel / up drift back to Y-0 is bearish. Cable may still try to break B+1 to get back to the break down crime scene near Y+2. If violent reactions taking cable back below B+1, a slide back down to Y-1 and below will be likely.

Share

  • You must be logged in to comment. Log in