"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."
GBP/USD daily chart
Weekly 50% Breakout and push up into the MAY 50% level.....
GBP started off to the letter:- pushing up into Monday's high, reversal down into the 5-day 50% level and pushing back up on Tuesday towards the highs...
Tuesday break out, and as per Premium Report on Wednesday.......
Wednesday to test the 3-day break of Tuesday @ 1.9615 and then continue higher all week...
Next week:- expected Resistance around the MAY 50% level and Weekly highs, but I won't have a clear view until the of the Month and analysis GBP using June's Monthly levels....
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