17th July 2008 GBP/USD
GBP/USD.
1) Intraday 17/07/08-18/07/08
Short term intraday pound trading perspective support level 1.9985-2.0025 with breakeven target 1 at 2.0050-2.008 with 17 July intraday target 2 level at 2.0135-2.0165.
Should it go below 1.9975 we consider selling GBP/USD with 1.985 support level on 18th July 08 and target level of at 1.99.
Intraday sentiment: bearish
2) Weekly perspective.
GBP is trading near support level at 1.999 for the end of the week. Resistance is at 2.015.
If sterling fails to retain 1.998 by the end of the day, we consider it bearish.
Weekly sentiment: neutral
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