FOREX GBP/USD 24th January 2008 part 2

GBP:- choppy early around the 5-day 50% level before heading higher towards the Thursday channel highs...

Rising upwards from a 90 pip spiral low

These highs can become resistance today :- High Risk to be trading 'shorts' above 1.96690 as expectation price will move towards Weekly 50% level, and Friday's highs the next day.....