[tgamin]

GBP/USD 28/7/8

1) Short-term Intraday analysis.
We still have 1.982 as a strong support level whether 1.992 is a resistance level and we are looking for a confirmed closing above this level for upward movements.
It is very likely we see a sharp slip down to 1.982 levels.
Intraday sentiment: neutral
2) Weekly perspective.
We have discovered that pound is within an upward movement started in the beginning of June 2008. Pound is just above this trend line with 1.985-1.989 for this week support level. Should it close much less below 1.986 by the mid of the week and above-mentioned long term movement would be finished.
Intraday sentiment: neutral