FOREX GBP/USD 26th Feb 2008

Expectation GBP is heading UP towards the March 50% level, however the first
part of the trading week is the view that price will stall for two days before heading higher into Friday, as long as price remains above the Weekly 50% level on the 3rd day.....


GBP consolidating above the 3-day high break, however I would still like price to come down from the R110 pip high @ 1.97250, move down 110 pips into the 5-day 50% level, and then move higher the following day.....

Lower Daily close followed by a higher move the next day.....