FOREX Report 27th Nov 2007

GBP/USD



GBP rising upwards from the November 50% level, but at this stage it looks more like it's consolidating into the end of the week and month with an UP bias.



The best trades are occuring around 90 point spiral bottoms, and yesterday's trade was a perfect example of using an 90 point spiral top along with the 5-day 50% level to trade upwards.

No set-ups for Tuesday unless the market comes back down 90 pips and aligns with the 5-day 50% level...