FOREX GBP/USD 10th January 2008 part 2

GBP has moved 90 pips off the lows back into Resistance....

If the market is going to swing back down, the 90 pip spiral top @ 1.9630 should be used...

don't look for short trading above the 5-day 50% level...

if there is going to be any reversal down it will probably come in during US trading hours, which is a few hours away....

Resistance 1.9644 (Wednesday Channel break)