GBP: Weekly and Daily chartsWeekly range on GBP is hitting some resistance around these highs based on the December range breakout of the lows, and we can see the reversal 'daily' bar occuring on Wednesday.
That reversal bar was expected to happen, and if price is going to rise upwards on Thursday then the breakout of the Weekly .618 range should support the currency, otherwise it's rotating back down towards the Weekly 50% level and 3-day lows...
Wednesday's expectation that price would rise higher into the daily dynamic highs and then reverse back down into support.Support has been confirmed, but I would like for price to re-test it on Thursday for a move back upwards 110 pips +
Break of support and the 5-day 50% level and price is rotating back down into the 1.9707
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