GBP/USD Weekly and Daily chart
At this stage GBP is stilled view with a ‘downward’ bias whilst it’s trading below the Monthly 50% levels.
Until GBP breaks the Weekly highs and comes down to Re-test the June 50% level (verify the break with Monthly 50% level Support) then I would still continue to use the 3-day high pattern as ‘shorting’ opportunities....
GBP daily and Spiral Filter
However on Monday, with price trading above the break of 1.9803, then expectation is price is pushing up towards 1.9865….
- Daily Trading Set-ups & Analysis
