GBPUSD Jul 11 to Jul 15 Outlook

By News Robot

Lawrence’s Comment

Recap
Y+1 acted as resistance and sold off to target zone mentioned last week. Closed the week above midpoint.

Outlook
Y+1 and B+1 is now key price level to break thru to terminate this downtrend. Breaking above that points to B+2 to B+3 as first target zone.

Selloff from B+1 breaking below B-0 points to B-2 to B-3 in play.

Both setups are nicely structured.

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