British Pound Technical Outlook

Published July 30th, 2008 - 07:34 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.”  Very short term, a push above 1.9843 would potentially complete an expanded flat.  Look for resistance above 1.9850.