05-12-2010, 01:03 PM
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Superior Investor
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Join Date: Sep 2008
Posts: 11,435
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GBP/USD Mid-Day Outlook
Intraday bias in GBP/USD remains neutral as today's recovery was limited by 1.5053 resistance and the pair weakens again. On the downside, below 1.4719 minor support will reaffirm the case that rebound from 1.4475 is finished and will flip intraday bias back to the downside for retesting this low. On the upside, break of 1.5035 will bring another rise and put 1.5521 key resistance back into focus.
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