FOREX GBP/USD 21st August 2008

GBP Daily

Yesterday was about trading on the side of the 3-day filter.

Thursday:- looks range bound once again, which could see price rise from the 5-day 50% level up towards the 3-day filter and highs, as this week consolidates.

There could be a push down on Thursday from the 5-day 50% level, but I would sit out GBP unless you were closely monitoring the spread :- each way bet.





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