GBP bouncing off the .618 lows and moving into a 2-day counter-trend move upwards...Expectation that any 2-day swing could move back towards the 3-day highs.....@1.9612..
The Trend stated with matching 5-day lows and .618 Weekly lows, with the expectation that there would be a 110 pip reversal, but when the R110 'hooked' back inside the SD channel low @ 1.9450 there was a high probability UP move of another 110 pips...
There could be a stalling period around the highs @ 1.9559, (110 high)...but the expectation is that this reversal is heading back to the 3-day highs.....
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