A 2-day UP swing and sell down on the 3rd day can move down for the rest of the trading week.
Whilst below Tuesday low @ 2.0589 (90 pip) then the expectation is that price is moving down into another 90 low.
There is still support around December 50% levels, but trading longs below this level on Wednesday is open to risk, because the expectation is that the Weekly trend will continue down… (previous report)
Breakdown on the 3rd day after the 2-day swing.
Whilst below December 50% levels expectation that GBP is moving towards the December lows.
November support isn't valid, but there are the Weekly channel lows that could support price today, before any further weakness continues lower on Thursday or Friday.
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