GBP heading down following the monthly Dynamics, with the possibility of price moving down towards the January lows:- First Reference is the Quarterly .618 @ 1.9504
December support has dissapeared with the shift in Monthly timeframes.
Break of Wednesday's lows and price action is following the Daily dynamic ranges, as each day makes lower lows following the Weekly trend down.
With the expectation that price was moving lower this week, the best trade to re-capture the down-trend was a re-test of the 5-day 50% levels, and then trade down the next day, which didn't eventuate
With a lower Weekly close this week, the first expectation next week is a rotation back into the trailing 3-day highs...
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