FOREX GBP/USD 6th Feb 2008 part 3

GBP moved down into the Weekly support level @ 1.95580....


Bounce up 43 pips, and Risk of Longs increase around these highs....


Partial exit here and run breakeven stops, because a reversal down from a 43 pip high and back down into 1.95580 and a good chance market is heading back down further....break of the 3-day extended lows..

Next UP side exit is 90 pip high @ 1.9643