FOREX GBP/USD 15th January 08 part 2



Since my earlier report, GBP has been rising upwards, and this was forewarned by the rises in tomorrow's ranges (higher lows).....

Tuesday has a random length:- but there are certain levels, that traders should not be trading against:- above 5-day 50% level and don't short heading towards 3-day highs and certainly don't short above 1.9639 (breakout)

1.9369 is still viewed as a valid resistance zone in the overall downtrend, but a break of this high and the view is the market is heading back towards Weekly 50% level +