FOREX GBP/USD 31st Jan 08 part 2 & 3


GBP rising off 5-day 50% levels and hopefully moving towards the Weekly highs again.....

Partial exit around 1.9884

and holding into 1.9926.....

The last time there was a 'forward-rise' price continued higher breaking the 3-day high channels....

Thursday high is the target, but could also breakout on the Upside due to the rate cut....

out 2nd lot at the 90 pip high... @ 1.9910

I still think it's going to go higher...an UP day shouldn't drop more than 43 pips from these highs..