Forex GBP/USD 27th Feb 2008 part 2

GBP pushed up into the Wednesday highs and has stalled moving into a rotating pattern of 110 pips ranges.

At this stage GBP is trading above the breakout of yesterday's 5-day high and support, along with Thursday's 5-day 50% level to continue to trend upwards.

A move below support today and expectation price will move back towards 1.9724 to re-test the 3-day breakout