FOREX GBP/USD 17th March 2008 part 3



GBP/USD Daily and intra-day charts

Earlier Report was looking for a rise upwards from the 3-day lows and looking for an exit zone. The rise upwards was 110 pips before reversing back down and taking out the 3-day lows.

When looking at the Daily charts there is a lot of support around this level, but we would need to see where GBP closes today.

At this stage it looks range bound for the rest of the day, trading below the 3-day low break on Monday.