GBP/USD Weekly and Daily chartsGBP trading under the Quarterly 50% levels and this is the trend guide for the next 3-months.
Last trading day of the month and GBP is trading around the Monthly 50% levels, waiting for the market to 'thrust' out of the central points and move towards the extreme of the channels once again.
At this stage price is in the middle of Monthly and Weekly 50% levels, so it's going to be a better guide on the direction as of tomorrow.
Last Week GBP reversed back down into the 3-day high break and found support above it. A Robust set-up would be price rising upwards from the Monthly 50% levels once again....
GBP intraday
Still trading above support and RISK..... @ 1.9907
I don't have a probability on direction for Monday's trading, because at this stage price on the last day of the month is trading below every timeframe 50% level, so it's hard to say that April will move higher until April actuallybegins.....
Tuesday will provide a much clearer view on any trading set-up for April....
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