The outlook has grown increasingly bullish since GBPUSD had remained above its latest swing low at (1.6410). If this support level is broken to the downside, the outlook will deteriorate.
Longing GBPUSD is advisable for today.
| 1.6432 | 1.6359 | 1.6298 | 1.6298 | 1.6175 |
Source: http://www.fxstreet.com/technical/analysis-reports/technical-outlook-for-majors/2011-08-22.v02.html
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