GBPUSD: Loses Upside Momentum, Faces Downside Weakness
HIGHLIGHTS: EURUSD: Turning Off Bullish Incursions – Although strength saw the pair closing strongly higher on Wednesday, an attempt on a break of its key resistance at the 1.4177 level, its Jun 11’09 high failed suggesting the mentioned upmovemay not be sustainable. GBPUSD: Loses Upside Momentum, Faces Downside Weakness – With upside price failure on Tuesday forming a shooting candle pattern and putting the pair back into its sideways trading range, outlook for GBP remains to the downside