FOREX GBP/USD 17th January 08 part 2

GBP has moved up over 100 pips from the 5-day 50% level into the Weekly 50% level on Thursday, and has drifted back into a consolidating pattern.

As the previous post suggested:- up bias with range trading between levels.....

It needs to breakout of the daily channels to get some more volatility back into the currency....