GBP/USD Weekly & Daily chartsLast Week's expectation was to trade the 'short' side of the market down, because of price trading below the higher timeframe 50% levels, along with a higher Weekly open.
This week is much of the same, and it looks like GBP will remain is a trading range for the next couple of weeks until the end of this Quarter, as we can see a drop in the July 50% level, which can send GBP higher in the forward month....
GBP Daily and 3-day pattern
But in the short-term it's about trading the 3-day patterns and using higher probability patterns each day.
On Friday the break of the 5-day 50% level and move back towards the 3-day highs. And early this week look for a re-test of Friday's break on Monday and push back towards the 3-day highs on Tuesday....
