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GBPUSD Sep 10 to Sep 14 Outlook
Lawrence’s Comment
The more interesting scenario happened. Cable held Y-0, breakout of Y+1 and gave us 1.60 and Y+3 in 1 go. Essentially no heat taken. Cannot ask for anything more than that. Closed the week near week high.
Outlook
1.60 area is long term resistance zone. Tagging it is one thing, breaking above it is another matter.
Consolidation around B-0 to B+1 is likely this week.
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