GBP/USD Near-term Outlook Materialized
The GBP/USD finished its decline to the 1.5070 area, and actually got to as low as 1.05030 to start the US session. The GBP/USD could still rally to 1.53, but the market started the week held below 1.52, so the morning near-term outlook was a decline to the 1.5070 area...
http://www.actionforex.com/technical-analysis/daily-forex-technicals/gbp%10usd-near%11term-outlook-materialized-20100308108325/