British Pound Technical Outlook

Published July 31st, 2008 - 06:03 GMT
Al Bawaba
Al Bawaba

There is no change to the near term GBPUSD bearish outlook.  “It is likely that wave D of the triangle is underway towards 1.9550/1.96. 



This is our stance as long as price is below 2.0075.”  Short term, 1.977 may serve as resistance.