GBP Daily and 3-day pattern
GBP has continued down following the monthly break of August 50% level and heading towards the lows.
I didn't have a probability pattern for the continuation down on Monday.
Tuesday:- breakout of the Weekly lows and expectation that price will remain below this level.
Tuesday's low are random support.
The down side target is the August lows, but the best set-up to trade shorts down would be to see a re-test of the 5-day 50% level and then hop back into the trend.
Until that happens it's on the sidelines and look at the other two currencies of any opportunities.
- All Daily forex reports are written before 9.00am Sydney Time, which is approximately 3 hours before Midnight GMT
