GBP/USD Mid-Day Outlook

Jul 20 2010

Intraday bias in GBP/USD reminds mildly on the downside and pull back from 1.5470 is still in progress for trend line support (now at 1.5109). Nevertheless, rise from 1.4230 remains in favor to continue as long as 1.4947 support holds. Above 1.5309 minor resistance will flip intraday bias back to