FOREX GBP/USD 15th Feb 2008 part 2

GBP has followed the move back down from Thursday's highs and back into the 5-day 50% level on Friday

The Reversal from the highs was confirmed not only by the R110 spiral top, but also the 'dilernia-drop' in the forward Timeframe.... (read previous Report)

The 5-day 50% level is a target on the down move (exit), but I don't view it as a BUY zone...

Friday has a random length and can push down much further...

Next be trade will be from next Week....