Expectation GBP is heading upwards towards the February 50% level.However I would like to see price come down and test the Weekly 50% level (support), and also the February balance point before the 'sterling' moves upwards, as it rotates from January lows.
Tuesday resistance 1.9904 (don't short trade above) Support 3-day lows 1.9742
GBP will probably need to break the 3-day lows for any chance of price heading down into the Weekly 50%...
There is still a large gap to the 3-day lows, ideally the Weekly 50% support needs to be verified before the next day moves higher if there is any weakness on Tuesday.
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