GBP/USD Mid-Day Outlook

Jul 23 2010

Intraday bias in GBP/USD remains on the upside and whole rise from 1.4230 is resuming for 1.5470 and above. 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 1.7043 to 1.4230 at 1.5968 next. However,