Thread: GBP/USD Analysis
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Old 18-07-08, 06:24
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Default 18th July 08 GBP/USD analysis
GBP/USD 18/7/8

1) Short-term Intraday analysis.
Sterling is still in bearish trend for this Friday with a very strong support at 1.995 levels.
Then main resistance level is between 1.998-2.001.
We consider selling GBP/USD should it go below 1.993 with target at 1.987.
Intraday sentiment: bearish

2) Weekly perspective.
GBP is still within its trading borders. Resistance is still at 2.001-2.0015. Once again, 1.995 support level is quite a strong so we are looking for a confirmed closing below 1.994.
Weekly sentiment: neutral
Please comment.
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