GBP/USD 8th Nov 2008 Weekly

GBP Monthly and Weekly

October low breakout and expectation of price continuing down into November's lows.

Weekly 50% level is the trend guide for next week...

Along with the 3-day pattern and 5-day 50% level.





GBP 3-day pattern

Usual suspects last Week:-

Monday 3-day filter rejection and breakout of Monday's lows

And then a number of rejection patterns down using the 5-day 50% level or the 3-day filter.



  • 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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