GBPUSD Jul 11 to Jul 15 Outlook

By News Robot

Lawrence’s Comment

Recap
More downside as expected with Y-0 acting as resistance. Cable pushed towards Y-3 target and held up at 1.28 round number. Closed the week near Y-2 and below midpoint.

Outlook
Potential parabolic move in the making, if so, cable will not move above the Brexit low / Y-0 area and zoom down to B-3 and below.

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Comments
  • melvyn July 11, 2016 at 3:14 am

    Hi LC you mentioned potential parabolic move in the making, does this mean the end stage ie. The Run stage that will be unfolding?

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