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.....
Posted by
Frank Dilernia