Forex GBP/USD 20th Dec 2007 prt 2

Expectation price is coming down into channel lows.

Wednesday continued down, but the previous 90 pip low from Wednesday has ended up being a resistance zone on Thursday.

I was watching the reaction to the trio, and took a 'short' position because the 90 pip bar has to complete, which goes close to alignment with the Daily channel lows.

partial exit 40 pips again and holding into 90 pip completion with stops above 'trio' high...