Recap Retest of Y+1 / 1.66 round number level confirmed its resistance status. That opened the door to Y-0 and below. Closed the week below Y-0 and near week low.
Outlook Y-0 / B-0 acting as resistance will give us B-2 target which conveniently sitting at the starting point of this run up.
GBPUSD Jan 06 to Jan 10 Outlook
Lawrence’s Comment
Retest of Y+1 / 1.66 round number level confirmed its resistance status. That opened the door to Y-0 and below. Closed the week below Y-0 and near week low.
Outlook
Y-0 / B-0 acting as resistance will give us B-2 target which conveniently sitting at the starting point of this run up.
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