FOREX GBP/USD 11th Feb 2008 part 2

GBP pushed down from my last post and has moved into the Thurday's breakout @ 1.9530 (Expected Resistance), which also matches a 120 pip spiral high.

The only conclusion is that price is moving back down towards Monday's lows......

Risk Shorting above 5-day 50%

Expectation that price rejection from these levels is 90-120 pips down....

Partial exit 43 pips down from highs and run tight stops above 1.9530