GBP/USD Mid-Day Outlook

by Action Insight (All Reports) on July 30, 2010

Outlook in GBP/USD remains unchanged. Even though upside momentum in GBP/USD is diminishing mildly, intraday bias remains on the upside with 1.5547 minor support intact. Current rise from 1.4230 is still expected to towards 61.8% retracement of 1.7043 to 1.4230 at 1.5968 next. On the downside, below 1.5547 minor support