GBP Weekly and Daily chartExpectation the Month of MAY was pushing down from the 50% level towards the MAY's low, with each Weekly Low providing swings towards the Weekly 50% level in each week, and then each 5-day pattern continues down.
This week has gone close to the lows, and next Week price will already be trading around the Weekly 50% level......
GBP:- Early next week the expectation is price is pushing upwards towards the 3-day high and reversing back down into the 'Breakout' :- Support...
The breakout on Friday will probably be valid for 1 day and push back upwards on Tuesday......
The Weekly 50% level is the trend guide in MAY, therefore if Price is going to re-test the lows again then price should begin to move down on Wednesday, using the 3-day high pattern technique....
If these lows last Week are valid support zones then, price should be moving above the Weekly 50% level on Wednesday and heading back towards the MAY 50% level.
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