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..
Posted by
Frank Dilernia