FOREX GBP/USD 7th August 2008


GBP Daily and 3-day pattern

GBP continues down towards the August lows, but it's not providing the UP swing to get back into the trend:- higher daily close and sell higher daily open next day.

Until that happens it's watch and wait.



  • 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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