GBP/USD 9th November 2007


Forex GBP/USD...

Yesterday looking for a re-test of trailing support before the market 'strenght' continued higher, pushing prices quickly below before resuming the trend higher.

Market has continued higher and trend remains strong as it hits resistance, but there are no major set-ups until the trailing support breaks.

This normally occurs at the start of the new week, as price rotate back down looking for 2-day reversals/stalling price action

Full report next week.....