FOREX GBP/USD 18th February 2008

GBP rising upwards from Quarterly support, however trading below the Weekly 50% level on Monday....

GBP pushed down on Friday and is trading around the 5-day 50% level....., this is the trend guide for monday and any further weakness is a push down into Monday's lows:- Support or breakout

I don't have a view for Monday until the R110 range completes from Friday:- down and it matches Monday's lows and provides an ideal 'Riskl level'

A push upwards into an R110 high this would match the Weekly 50% level (another ideal Risk level)

No High probability pattern for Monday until the 110 bar completes, and use spiral points for Risk-swing trades...