FOREX GBP/USD 19th August 2008



GBP Daily

GBP pushed down on Monday, but not as far as I hoped for.

Expectation that the push is towards the Weekly lows.

Tuesday:- 3-day filter rejection and expectation that price is continuing down into Tuesday's lows

But as pointed out today:- there will eventually be a breakout of the 3-day highs, which will lead to a counter-trend rally UPwards.




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