GBP/USD
British pound has followed the market dynamics higher into November highs.
The breakout of the previous weekly highs @ 2.055, and the expectation is that the current week will go higher into the end of the trading week.
The start of the new week and weekly dynamic resistance has moved from 2.055 to 2.091.
British pound has followed the market dynamics higher into November highs.
The breakout of the previous weekly highs @ 2.055, and the expectation is that the current week will go higher into the end of the trading week.
The start of the new week and weekly dynamic resistance has moved from 2.055 to 2.091.
Around these highs the expectation is that the currency will normally ‘stall-rotate’ back down for 2 days…
On Friday the Pivots supported the market, and on Monday those pivots are back inside the range with matching resistance around 2.092.
Any 2-day reversal has a random length, ideally back down to the lower pivots shown above..
505mins splits the day into 3rds….
On Friday the Pivots supported the market, and on Monday those pivots are back inside the range with matching resistance around 2.092.
Any 2-day reversal has a random length, ideally back down to the lower pivots shown above..
505mins splits the day into 3rds….
Report continues below.....
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