GBP:- upwards from January lows and moving towards February 50% level...Breakout of the 3-day cycle and a higher Weekly open:- 'model of expectation' price will move back down into the Weekly 50% level before heading higher in the latter part of the week....
Monday's trading is going to be defined by the breakout of the Sunday range, with expectation that any rotation down will be towards the 5-day 50% level....
Shorting above Monday's high is open to Risk (1.9907)
In conclusion:- GBP moving back towards the February 50% level, however the pattern that I would like to see would be a rotation back down for the first 2-days, finding support around the Weekly 50% level, and then trading upwards towards the Weekly highs 1.9928- 1.9988 in the 2nd half of the week, and then continuing higher into February 50% level the following week.
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