FOREX GBP/USD 23 September 2008



GBP Daily:-

I would have liked GBP to move down into the Weekly 50% level and 5-day 50% level and then continue higher from a lower daily open the next day.

Monday:- breakout and expectation price is moving towards Tuesday's highs.

Tuesday's highs are seen as resistance and a move back towards the breakout and/or the 5-day 50% level to verify the breakout





  • 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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