GBPUSD Aug 15 to Aug 19 Outlook

By News Robot

Lawrence’s Comment

Recap
Downside target mentioned last week tagged and led to a weak bounce. Consolidation around Y-1 since and eventually Y-1 turned into resistance. Closed the week below Y-1 and near week low.

Outlook
Potential parabolic run as long as Y-1 resistance holds with target Y-3.

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