GBP DailyGBP heading down into September lows, with Tuesday currently supporting the market.
Yesterday I went long on Monday support using the filter, but today I would wait until after 11am to take any 'long' trades looking for a move back towards the 5-day 50% level.
If September lows had been reached ,I would say a rotation back into the 5-day 50% level (UP Day) was a high probability pattern.
It could still occur but I would wait until Wednesday begins.
- All Daily forex reports are written before 9.00am Sydney Time, which is approximately 3 hours before Midnight GMT
