Definitely was a weird week last week for GBP. What I think will happen when the market opens is price will gap back down to where it gapped from last week, which it never retraced back to. Even if it doesn't price will rise then eventually retrace to that area for sure! I personally have never seen anything happen like this, where price doesn't retrace to where it gapped from within the same week. So what i'm expecting this week is price will retrace and rise just like it has previously at this area a few other times. If price was to take on the bulls price is definitely headed to 1.80000+. I will be updating/posting this pair all week so stay tuned, I feel a good week is ahead of us!
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Daily closes in 2 hours, price could create a 3 pin and fall.