FOREX GBP/USD 14th March 2008 part 2

GBP/USD Intra-day and 43 pip charts

Expectation that GBP would come down on Friday to re-test the 3-day high breakout. (read previous report)

This was completed early on Friday and the Sterling rallied, but has now drifted back down.

This is now setting up a rotation back into the Weekly 50% level for next Week, as per previous report.