GBPUSD Nov 17 to Nov 21 Outlook

By News Robot

Lawrence’s Comment

Recap
Cable bear flag pushed right into the resistance zone mentioned last week. Bear flag broken to the down side and gave us a clean slide to below Y-2 normal expansion target. Closed the week near Y-2 and below midpoint.

Outlook
Daily down trend continues. Y-1 / B-0 strong resistance. A test of B-1 first and held will give us a bounce back up there. Without that, more downside is expected.

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