GBP is continuing down and heading straight towards the November 50% levels.
It started with the break of trailing support on Friday, and Monday opening below the 3-day lows. The down trend was then confirmed with the contination below the weekly 50% levels.
There will be counter trend UP moves in the market from lower Daily 'opens' using higher timeframe support zones( November 50% levels), and also because the day after a break of the 3-day cycle there is a high probability that price will try and swing back to the 'breakdown' levels...
Follow previous GBP reports....
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