FX.co ★ TST as the Foundation for Medium-term Trading

And on gbp/usd we can also observe a sign that the price is asking to move down; I mean the day’s open at the lower boundary of the leveless channel with a missing mandatory zone, which reinforces this signal. Therefore, judging by what can be seen in the structure of the chart itself, I allow for a higher high and an update of it above the daily balance, but with a high probability it may not even follow the dotted scenario upwards, and instead spill back down to the area of 1.3510. And if the day manages to close like that, then the probability of a decline tomorrow will be quite high. Although in fact, in the medium term I expect this correction to reach the 1.3600 area. We’ll see.