Friday, July 30, 2010

GBP/USD Mid-Day Outlook


Outlook in GBP/USD remains unchanged. Even though upside momentum in GBP/USD is diminishing mildly, intraday bias remains on the upside with 1.5547 minor support intact. Current rise from 1.4230 is still expected to towards 61.8% retracement of 1.7043 to 1.4230 at 1.5968 next. On the downside, below 1.5547 minor support

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