Trading Edges That Last
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GBPUSD Jul 28 to Aug 01 Outlook
Lawrence’s Comment
Easy play of the week. Previous week close right below Y-0 acted as resistance sending cable down to Y-2 target. No surprises, no fake out. Closed the week below Y-1 and near week low.
Outlook
Long term support zone 1.69-1.70 can trigger some wild swings.
As long as Y-1 / B-0 acting as resistance, more downside is expected.
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