GBP/USD Weekly and Daily chartGBP has continued higher, trading above all higher timeframe 50% levels, and with the expectation that price is heading towards the March highs 2.0600..
However Thursday's closed below the Weekly .618 high, and this week's UP move might have stalled until next week...any reversal down on Friday and the expectation is that the Quarterly highs @ 2.0184 should support price.
Thursday pushed up into the Daily highs before stalling.If friday is going to follow the weekly trend higher towards Friday's highs, then traders should know by price trading above the Weekly .618 range @ 2.0329.
Otherwise I would like price to come back down and re-test the 3-day high breakout @ 2.0203, and then get good leverage off the Weekly 50% level next week for the next leg upwards.
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