GBP/USD reversal back down from the Quarterly 50% level.Expectation of a 2-day reversal back down towards the 3-day lows at the start of the new Week.
Monday was the first down day, and Tuesday is the 2nd day.....
Ideally I would have liked GBP to pop up into the Monday highs before reversing down, but the support level on GBP is the 5-day 50% levels, as shown in the above chart.Because Tuesday is the 2nd day, a break of the 5-day 50% level and expectation is that price is come back down into the Weekly 50% level as part of the 2nd day reversal.
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