GBP:-
November 50% levels supporting the market, with the expectation that this week would continue higher.
On Tuesday the market has moved back towards the weekly 50% level and stalled. For any continuation of the trend price needs to remain above the break of the 3-day highs @ 2.0618 and continue upwards.
Two possibilities:- Wednesday breaks upwards and moves in a bottom-to-top trading week into Friday. Or Wednesday drifts back down into a lower close, which hopefully will remain above the 3-day high break so that it provides a better spring-board move on Thursday...
GBP report continues below...
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