Forex GBP/USD 13th Dec 2007



GBP:- short-term trend bullish.

Larger trends bearish (trading below December 50% level)

This week there were two good set-ups, reversal back into the 3-day breakout on Tuesday, and then trade longs on Wednesday.

No Trading set-up For Thursday

The support should be defined by the Weekly 50% level, the 5-day 50% level and the 90 point spiral low on Thursday.