GBPUSD Dec 22 to Dec 26 Outlook

By News Robot

Lawrence’s Comment

Recap
Cable dropped to Y-0 and bounced. Breached Y+1 but failed to hold above. That sent cable down to Y-1 in 1 go. Bounced from Y-1 but no longer able to clear Y-0. Closed the week below Y-0 and midpoint.

Outlook
Cable definitely trying to hold its ground at Y-1 / B-1 area even though it is not strong enough yet to break the weekly down trend. Going into holiday weeks consolidation in tight range is expected.

Share

  • You must be logged in to comment. Log in