GBPUSD Dec 07 to Dec 11 Outlook

By News Robot

Lawrence’s Comment

Recap
Y-1 support sent cable back up to Y-0. Y-0 resistance dropped cable down to 1.49 round number. 1-2-3 buy on 4 hour sent it back up to Y-1 and then stopped at equal distance from Y-1. Closed the week near Y-0 and above mipoint.

Outlook
Seasonal up drift for Cable kicks in. Can push cable back up to B+2 where the original break down move started (i.e. the crime scene).

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