GBP:- Expectation that price is following the overall trend down towards the Weekly lows @ 1.9296...Friday's report was about price moving back up into Thursday's breakout (5-day 50% level), before continuing down lower.
Friday moved up 120 pips, and now Monday is tradng below the 120 pip spiral top....
Ideally the best trade would be to using Thursday's breakout as a resistance zone, because it's closets to the 'stop-loss' point, if looking to trade down...
However, Monday is trading below the 120 spiral top, therefore a 43 pip up move today @ 1.9490 reversal back under Sunday's lows, and expectation price is heading down.....
Sunday's lows @ 1.9452 (risk support)
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