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Old 25-07-08, 09:22
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Default Gbp/usd 25/7/8

GBP/USD 25/7/8

1) Short-term Intraday analysis.
Yesterday’s support level at 1.982 is very strong throughout July 2008. We are waiting for confirmed closing below 1.98 for downward movement. First resistance level is at 1.989-1.99 with 1.995 target in case of break.
Intraday sentiment: neutral
2) Weekly perspective.
From the weekly medium term perspective, GBP/USD is looking neutral while a short upward movement after yesterdays bounce from 1.982 is very forthcoming. First resistance level is at 1.99.
Intraday sentiment: neutral
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