GBP/USD Daily Outlook

Jul 21 2010

Break of 1.5309 minor resistance suggests that retreat from 1.5470 is finished Intraday bias is flipped back to the upside for 1.5470 resistance and above. Also, note that decisive break of 1.5521 resistance will confirm that whole fall from 1.7043 has completed at 1.4230 already and target 61.8% retracement of