GBP/USD Daily and intra-day chartExpectation of a 2-day reversal before the 3-day trend could continue higher.
This needed to be verified with the 5-day 50% level support and then the breakout , with the view of price moving towards the 5-day highs.
Because it's a breakout the veiw is for the trend to continue higher into the next day's high.
Note:- Next day's high matches the Weekly .618 range, expected intra-day resistance.
But because GBP is rising from a change of the monthly trend (above March 50% level), the overall trend view is heading towards March highs.
Any resistance around the Weekly highs and reversal back down, price would need to remain trading above the breakout of the 3-day highs for Friday to continue higher. (higher Weekly close)
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