GBP/USD Daily Outlook

Jul 23 2010

GBP/USD's strong rally today suggests that pull back from 1.5470 is finished at 1.5123 after drawing support from the near term rising channel. Intraday bias is back to the upside for 1.5470 and above. Note that decisive break of 1.5521 resistance will confirm that whole fall from 1.7043 has completed