British Pound Technical Outlook

Published July 27th, 2009 - 06:30 GMT
Al Bawaba
Al Bawaba


A triangle may also be complete in the GBPUSD, although structure is not as clear as that of the EURUSD.  With this in mind, the pair remains vulnerable to a drop below 1.6260 prior to breaking out.  1.6030 is the bullish line in the sand.