GBP/USD Weekly 18th October 2008


GBP Weekly and Daily

GBP currently trading around October lows.

The difference between GBP and the two other spreads is, hasn't closed below September lows and still inside the channel.

I still expect weakness in November, but price can actually move much higher in this month compared to the others.

The Weekly balance point is the trend guide for next Week.

Trades:- only 1 trade last week

+86 pips