GBP/USD Daily chart
GBP/USD remains range bound between the Weekly levels, and consolidating either side of the April 50% level until the new Month of May begins.
At this stage Traders have to keep on trading the rotation of the market within the 5-day ranges, until a weekly Range breaks.
Friday's view was once price was above 1.9753 the expected move was back towards the 5-day 50% level from Thursday @ 1.9854.
Next weeks' view is more of the same, normally I can get a could idea about an early probability pattern for Monday, but with price trading in the middle of the higher timeframe 50% levels, it can go either way.
However, I would view the market coming back down and re-testing the Risk level at this stage, even though it's trading above the 5-day 50% level.
Use the levels as shown in the left chart...
