GBP Monthly and Weekly
GBP is struggling against the USD even with the US cutting rates.
After the failure of the 3-week highs and price trading below November's lows, I would favour and continuation down towards the December's lows, as it continues down into the January lows in the first Quarter.
For traders the Weekly balance point (BP) is the guide.
There is a lower Weekly close so there might be a 2-day up move, but simply trade on the side of the 5-day 50% level.
