FOREX GBP/USD 17th March 2008 part 4


GBP/USD Daily and intra-day charts

Over 6 hours since the last report and GBP has remained Range bound between the 3-day range lows.

At this stage with the breakout of the 3- day lows and re-test and failure (3-day breakout), it looks like it will push down on Tuesday into the Weekly .618 low.

Then it becomes critical on how valid the UP trend in March is going to be....(full report later)