Forex GBP/USD 19th Dec 2007 part 4


GBP following the Weekly trend down into December lows.

Break down of support today and trending day, as it follows the Weekly trend down.

Ideally, I was hoping for this to happen from the 5-day 50% level and 'short' sell on Thursday from a higher open.

Break of support today and expectation that price remains outside the channel until the next day begins, that's why trading longs below support is open to high risk.