Published June 19th, 2009 - 06:30 GMT Al Bawaba The GBPUSD is failing at the top of a short term channel. This channel is spurious, meaning that it is not defined by Elliott waves. such channels do not hold. Expectations are for weakness to extend below 1.6185. LatestPopular Toronto records world’s worst air quality as Canadian wildfires rage on Syria foils major weapons smuggling operation to Hezbollah on Syrian-Iraqi border Protests in Ukraine over removal of Defense Minister Fedorov Israel tells US Pentagon it’s keeping its forces inside ‘security zones’ in Gaza, Lebanon, and Syria Canadians view China more favorably than US, according to poll 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