GBP supported around the Quarterly lows and the expectation is that price is rotating towards the March 50% level....GBP is trading in a 3-day BUY cycle and above the Weekly 50% level....
With the best set-up to trade longs would be price coming down and re-testing the weekly 50% level before heading higher.
Note: higher a weekly open and expectaiton that price will rotate down for 2-days before heading higher from the 3rd using support levels...
Ideally I would like for the R110 spiral point to complete the move higher into 1.9732 on Monday before rotating back down into the Weekly 50% level......
Note: confirm a lower daily close before trading longs the next day....there is still a large gap towards the 3-day lows, so ideally a 2-day 'stall-reversal' pattern is what I would like to see before looking for a move upwards....
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