FOREX GBP/USD 18th March 08 part 2


GBP Daily and intra-day charts

Since the previous report this morning GBP has rising off the Weekly and Monthly critical support zones (read previous report), and it's a good sign that price is now above 1.9999, and I hope it stays above it.

I would like the see Tuesday be able to close above the Weekly 50% level, and then hopefully continue higher on Wedneday.

Risk always increases around 110 pips off the lows.....