GBP:-
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 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...(yesterdays report)
We can the push down on Wednesday from the Weekly 50% level and be supported at the 5-day 50% level, with Wednesday closing above the 3-day break.
This set-ups up a further move upwards on Thursday, as long as it remains above the 3-day break of 2.0618…..
This set-ups up a further move upwards on Thursday, as long as it remains above the 3-day break of 2.0618…..
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