British Pound Technical Outlook

Published July 28th, 2008 - 05:38 GMT
Al Bawaba
Al Bawaba

The GBPUSD tested and held the trendline drawn off of the 6/13, 7/7, and 7/8 lows. 



Still, 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.