Mon, 05 Nov 2012 09:00:13 GMT
GBP/USD's bias is negative
The cable stays largely undecided, refusing to leave vicinity of a major down-trend resistance line at 1.62. However, in order to test it, the currency pair will have to overcome 1.6058/65 and 1.6086/90 first, thus giving little reason to believe in a bullish outlook. Eventually, the focus is therefore likely to shift on supports, the nearest of which are located