FOREX GBP/USD 15th January 2008



GBP/USD overall trend continues down with this Week's lower targets already mapped out using the Weekly and Monthly higher timeframes.

Yesterday the Risk level was the 90 pip high and sell down into the 90 pip low with hopefully a continuation down into Tuesday...

If short say in shorts......

They only thing that concerns me about the drop lower not occuring on Tuesday is the 'rises' in the forward day on Wednesday....

Basically if it starts rising on Tuesday back up, I wouldn't try and short GBP...

I won't be trading Longs because it's not rising up from support using timeframe levels...