GBPUSD Daily Forecast: July 27

By IBTimes Staff Reporter | July 26 2010 10:54 PM

GBPUSD Forecast:

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The GBPUSD slipped above 1.5470 resistance area indicating potential further upside pressure at least targeting 1.5573 (February 23 high) before testing 1.5685 region (February 18 high). Another move below 1.5470 could lead us into neutral zone in nearest term testing 1.5400 but overall we are still in strong bullish phase and I prefer buy the dips strategy at this phase.

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