GBP Weekly and Daily chartsGBP has reversed back into the Monthly 50% levels from the Quarterly 50% levels.
The Secondary trend remains bearish (below quarterly 50%) , but the monthly trend is trading in the middle, and at this stage I don't know if August will swing back up towards the highs, or continue lower.
At this stage I don't have a probability Weekly pattern.....
GBP DailyFriday is trading around its Daily lows, and if GBP is going to continue down, the ideal pattern would be a swing back UP (2-day counter-trend), and a 'sell' down from the 3-day highs.
