GBP Daily....GBP found support off the Weekly lows during Tuesday rotating up 95 pips and back down.
As mentioned in Yesterday's report:- "I would like to see currencies find support around the Weekly lows, and then look for the next probability pattern the day after. "
At this stage I don't have a probability pattern because price has closed below the Weekly lows and Tuesday's lows.
Note: probability pattern
A lower daily open using the Weekly lows as support is valid....
If price is trading above the brown filter finding support during GMT hours, and is trading above the Weekly lows then I would look for a move back towards the 5-day 50% level.
- All Daily forex reports are written before 9.00am Sydney Time, which is approximately 3 hours before Midnight GMT
