Extremely important support zones on GBP currently valid as it rises upwards from the 3-day lows, the blue channel support, and the 90 pip lows.90 pips upwards and it matches the 5-day 50% level, price needs to continue above this and move into a 2nd 90 pip move for a move back to Monday's highs this week, as it rotates back towards January 50% level.
A failure around the 5-day 50% level and a 90 pip down move would put any view of rotation back up open to Risk, if it breaks the 3-day lows.
Posts
