GBPUSD is testing 1.9814 support. A break below this level will indicate that the up trend 1.9408 (June 13 low) has completed long term down trend has resumed. Key resistance is now located at 2.0076 a break of this level will signal further rise towards 2.0391 (Mar 14 high).
http://blog.forexcycle.com/1034/dail...-july-25-2008/