FOREX GBP/USD 4th September 08

GBP Daily

GBP reaches September lows, and there hasn't been a rotation back into the 5-day 50% level this week...

If that's going to happen, then Wednesday's support should hold along with the brown filter....

Ideal pattern would be this 4 hour bar come down and test support and reverse up from a 41 pip spiral low....

Same pattern used on Monday, but failed.....





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