Forex GBP/USD 31st Dec 2007

Bounce off October 50% level, rally upwards into November highs, reversed down into November 50% level, sell-off from December 50% level down into December lows, and now a rotation back upwards towards January 50% level before the next monthly trend develops.


Ideally I would like price to still come down into the 5-day 50% level before the next trend upwards develops, as it rotates back towards the monthly 50% level.

Daily Resistance 2.004

intra-day Risk the 90 pip spiral top @ 1.999

No high probability trades for Monday.