GBPUSD Jul 02 to Jul 06 Outlook

Recap
Drifted near B-1 as mentioned last week. That led to a flush below Y-1. Yet news shock from euro zone changed its course and forced a reversal back up to above Y-0. Stopped finally when 100% range of last week is reached. Closed at the week high.

Outlook
A short term bottom is forced in place. It does not matter how it is done. As long as B-0 acts as support, looking for cable to go higher with B+2 as first target.