The Trend of the Day -GBP/USD (UPDATE)

Published July 24th, 2009 - 03:16 GMT
Al Bawaba
Al Bawaba

Pound Pushing Higher



It has been slow going but the triangle wedge formation on the GBP/USD may resolve itself to the upside. UK GDP may be the catalyst that the market is looking for in order to move higher. Bulls need to break the 1.6584 area to keep the uptrend alive.