GBPUSD Feb 03 to Feb 07 Outlook

By News Robot

Lawrence’s Comment

Recap
A perfect consolidation week. Drifted up to resistance mentioned last week and then dropped down to support. Can’t ask for more. Closed the week below Y-0 and midpoint.

Outlook
Inside week. Y-0 and B-0 near each other. Breakout mode in place.

Until Y+1 or Y-1 is breached, there will be no directional play.

It may take more than a few tries at the boundaries before they are finally breached.

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