GBP DailyWeekly lows random support, but heading down into October lows.
It's a shame that the GBP couldn't test the 5-day 50% level or 3-day filter this week to get a nice short-trade down into these lows.
Once again:- there is always an expectation of a reversal back into the 5-day 50% level during the week, and without one this week Friday's view (above the brown filter), is to move back into the 5-day 50% level.
Which then matches the Weekly balance point next week for a continuation down.
- All Daily forex reports are written before 9.00am Sydney Time, which is approximately 3 hours before Midnight GMT
