FOREX GBP/USD 4th September 08 part 2


GBP 10:32

GBP came down and tested support and bounce.....

previous times GBP conitnued higher 90 pips, and could travel as far as the 5-day 50% level.

Last time GBP broke down and continue into a trending day....

Long 1.7737 partial exit 1.7759 (R41 high) + 22 pips

Holding for 90 pip range ( stops 1.7730)

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Trailing stops taken 1.7730 -7 pip