GBP Daily and 3-day pattern
Expectation that GBP would reverse down and re-test the 5-day 50% level after Friday's breakout of the 3-day range.
This was verified and confirmed on Monday, so there is a bias this week to continue higher.
However, Tuesday is normally a 2nd day stall, which means range bound between the 5-day 50% level and Tuesday's highs.
No probability on direction.
- All Daily forex reports are written before 9.00am Sydney Time, which is approximately 3 hours before Midnight GMT
