FOREX GBP/USD Weekly 19th July 2008

"Next Week:- More of the same of price rotating back towards the Weekly 50% level and then looking to move higher into 2.0102, which is currently a major resistance zone on the spread. (GBP/USD)"

Previous Weekly Report



GBP Weekly & Daily Reports

GBP moved up from the Weekly 50% level on Monday last week and continued higher into July's highs @ 2.0102.


Next Week:- Price looks to be range bound between July's highs and the Monthly 50% level.

Weekly 50% level is the trend guide and the possibility that GBP could move as high as the Weekly highs next week.

Weaker pattern :- would be an UP move into the 3-day highs and then a trending down day closing below the Weekly 50% level.