Quick Look on GBP/USD...

*Attached chart (Daily). Click on it for the enlarged version.

Hello everyone,

For GBP/USD under Daily chart, it is in a closing wedge. Price action is below my [Ash Weekly Pivot], which it is unable to break above for the last two days.

My take for GBP/USD is still on the down side bias but be careful of bottom wedge support and yesterday's [06-05-2008] low at around the price line of 1.9634.

Peace and trade safely everyone...