British Pound Technical Outlook

Published July 29th, 2009 - 07:06 GMT
Al Bawaba
Al Bawaba


A triangle is nearing completion in the GBPUSD. The pair is vulnerable to a drop below 1.6260 prior to breaking higher and test of 1.700. Support is below 1.6260 and 1.6030 is the bullish line in the sand.