GBPUSD May 02 to May 06 Outlook

By News Robot

Lawrence’s Comment

Unfolded exactly as mentioned last week. Consolidation within the prescribed range. A breakout of Y+1 leads to doubling the week’s range.

As long as B-0 acts as support, Y+2 to B+2 will be tagging early next week.
The more interesting scenario is that B+1 acting as resistance and send the pair down below B-0. If that happens, B-1 will be easily broken with a target of B-2.


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