GBPUSD

GBPUSD Sep 13 2020

Monthly - Downtrend since 2008. Monthly Line Down. 

Rejection at the 67% levels which I thought was significant!

Weekly - 13W Line Up but there is clear rejection from 67% resistance. In fact, it has now broken through 50%.

Daily

Daily 

5D Impulse Stats - 0.0496 (since Sep 13)

18D Impulse Stats - 0.147 (since Sep 13)

5D - -0.05891 / -119% / > mean + 1

18D - -0.05891 / -40% / < mean

XA did less than Mean or about 74% of the move Up for Impulse.

Road Map

Monthly Rejection at the 67% levels.

13W Line Up but there is clear rejection from 67% resistance. 

Oversold on 5D while 18D less than mean or just about Correction move of 18 D stats.

Break below the 50% levels.

May look at 4hr break of the FTP as an acceptance to sell more to complete the 18 D move.

If sell continues, next level of support is the 67% levels.