GBP Monthly and WeeklyGBP trading around November's lows with the eexpectation that price will continue down in December to form a double bottom since the breakout of the 4th Quarter lows.
In the short-term:- Weekly 50% level is the trend guidecoming into the last week of the month might attract and upside move from Wednesday as it looks to move towards the December balance point before it continues down into lower lows.
- All Daily forex reports are written before 9.00am Sydney Time, which is approximately 3 hours before Midnight GMT
