Published July 31st, 2008 - 06:03 GMT 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. LatestPopular Two commercial ships with US flag successfully pass the Strait of Hormuz: Trump Footage allegedly captures Iran's missile attack on US warship Iranian missiles reportedly strike US Navy ship near Jask Island Video of school principal sexually harassing student triggers anger in Egypt Let's Buy Spirit: TikTok joke to buy Spirit Airlines raises $88 million Loading content ... Subscribe Sign up to our newsletter for exclusive updates and enhanced content Subscribe Now Subscribe Sign up to get Al Bawaba's exclusive celeb scoops and entertainment news