GBP pushed up into 1.9822 and now stalling....Expectation of a reversal in the early part of this week back into the 3-day highs.... (lower Weekly open expectation of a reversal back towards the 3-day highs)
If this up move would have occured on Wednesday and 'a breakout' of the range I would look for a Weekly timeframe closing higher on Friday...
I would treat GBP as range bound for the rest of the trading week, as Wednesday's highs are now pushed upwards....
Note: Overall Trend is down with any further weakness and Weekly trend is to head back down towards the Weekly lows @ 1.9063
Trend guide for rest of the week is the 5-day 50% level
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