FOREX GBP/USD 20th August 2008

GBP Daily

Weekly Balance point resistance, which matches the Wednesday's highs.

Support the 5-day 50% level and breakout of the 3-day filter...

At this stage my view is a sideways trading day between those two levels.

Eventually the UPside 3-day will breakout but it's too early to say whether it will be today or next week.

Trade on the side of the 3-day filter and brown filter


  • All Daily forex reports are written before 9.00am Sydney Time, which is approximately 3 hours before Midnight GMT

  • Exact levels shown for current day aren't confirmed until midnight GMT




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