GBP has continued the Weekly downtrend towards the Channel lows, with the expectation that the overall trend is bearish, with 2-3 day counter-trend moves.
The Trend is defined by December 50% level.
There was a great set-up today, the 90 pip top and 5-day 50% level down towards the
3-day lows, but like any weekly trend, price likes to follow the Dynamic channels, once the Daily channels break.
Next week looking for a counter-trend move, the lower swing point back towards the Weekly 50% level
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