http://img20.imageshack.us/img20/6291/12920775.jpg
In this picture u can see GBP/USD 4h chart
In 1.6002 there is a 100% Fibonacci level and long term up trend line.this will act as good resistance or this is a good place to buy.target should be around 61.8 fibo level.sl should be 1.5965
Hope u can have a idea about how trendlines and fibo work :good::good: