Forex GBP/USD 27th Dec


Expectation that GBP would find support around the December lows, and then begin the swing back upwards this week.

Lower Weekly open expectation that price would swing back towards the 3-day highs.

A reversal pattern would firstly need to see a breakout above the 3-day highs, with the expectation that price will move higher into Friday back towards the Weekly 50% levels next week.

First sign will be price trading above the 5-day 50% level and breakout above the blue channel high......