GBPUSD Dec 08 to Dec 12 Outlook

Recap
Cable found support at 1.56 and bounced back above Y-0 yet failed to hold above. 2nd try to go higher from Y-1 was stopped at Y-0. By end of the week the buying stopped with cable dropping to new low. Closed the week below Y-1 and near week low.

Outlook
Cable did not tag the expected down side target as it tried to force a bottom last week. That usually leads to stronger selling if the original support zone turns into resistance. B-2 likely.