The laps continue for this pair
The GBPUSD is also making new lows on the day. This is the 3rd time today near this extreme today. Yesterday the pair got close to it as well. We are also below the 50% retracement and 200 hour MA for the 5th time this week. The other 4 times were failures that led to sharp retracements higher. Will the 5th time be the charm? The same rules apply...Stay below the 200 hour and 50% retracement and the bears are in control. Move back above and all bets are off.
