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Thread: GBP/USD Weekly Outlook

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  2. #2
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    After diving further to 1.9599 initially, cable staged a strong rebound last week and reached as high as 1.9998 to close the week with strength.The
    single week reversal pattern, as well as break of the short term falling trend line resistance, indicates that choppy fall from 2.0391 should have completed in form of a falling wedge at 1.9599. The corrective nature of this choppy decline argues that whole corrective rebound from 1.9337 is still in progress.

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    i expect next week will be up trend for the gbb it will close this week strong and continue for the next week maybe to 1.5 and we will see after that

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