GBPUSD Dec 01 to Dec 05 Outlook

By News Robot

Lawrence’s Comment

Recap
Weak upside drift early in the week ended with news shock mid week by ECB taking cable upto Y+2. Y+2 stopped the run and sent cable back below Y+1. FBO against Y+1 sent cable straight down. Closed the week below Y-0 and near week low.

Outlook
As long as Y-0 / B-0 acting as resistance, B-2 and below in play.

Share

  • You must be logged in to comment. Log in