British Pound Technical Outlook

Published August 1st, 2008 - 05:57 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.”  Price should remain below 1.9928.