Forex GBP/USD 2nd Jan 2008 part 4


GBP still trading above the 3-day lows, and my view is still for price to rise upwards towards the 5-day 50% level and hopefully to continue higher.....

My earlier trade was stopped out, but with the push down and then hook back above support I've re-entered with the expectation that price is moving higher.

Re-entry 1.9857 (stops 1.9831)

Partial exit will be the around the 90 pip high (1.9093), with stops moved to breakeven from entry and then hopefully it can continue higher..