FOREX GBP/USD 8th Jauuary 2008 part 3

GBP/USD has moved up completing another 90 pip high....

This time price is above the 5-day 50% level.... you can leave 1 lot run into another double R90 pip run, or the upper blue channel highs @ 1.9822..

however, I'd be careful trading longs coming down from a .90 pip high and back under the 5-day 50% level on Tuesday, with focus on Wednesday for breakouts...