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GBPUSD Jun 04 to Jun 08 Outlook
By News Robot on 2012 Jun 2 Sat 7:05:37Lawrence’s Comment
Swing violently as expected. The unexpected part was that it is to the downside only. Final flush tagged Y-4 and bounced. Closed the week below Y-3.
Outlook
Consolidation likely. B-0 is strong resistance and I do not expect cable to be able to take it out on first 2 tries.
A quick dip below B-1 tagging Y-5 and then snap back up above B-1 points to a push towards B-0.