Staunch resistance above the 1.3962 zone. Weak uptrend with low on Friday afternoon and in the 2 days prior.
begins on the 17th, GBPUSD has bene in an uptrend and should experience some hard down pressure during the week cycle. We are also within the 42-49 day cycle indicating a probability of down pressure. Daily failed to make higher high. This indicates that in time on the 14th is valid and would add support to the down move.
finishes in target zone.
1st target area is 1.375.