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GBP/USD Classical Technical Report 06.25

June 25 2012 | Filed Under »
Forex pairs in this Article » GBP/USD
daily_classical_cable_body_gbp.png, GBP/USD Classical Technical Report 06.25 GBP/USD: Despite some intraday pullbacks, the bullish correction since early June remains alive, and we still see room for additional upside beyond 1.5780 and towards 1.6000 over the coming days. Ultimately, any additional declines are expected to be well supported around 1.5500, while only back under 1.5450 would compromise the outlook.

--- Written by Joel Kruger, Technical Currency Strategist

To contact Joel Kruger, email jskruger@dailyfx.com. Follow me on Twitter @JoelKruger

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