Wed, 20 Jun 2012 07:49:42 GMT
GBP/USD is slowly eroding 1.5757/80
Step by step GBP/USD is inching higher in an attempt to erode 1.5757/80, which in turn is reinforced by a tough resistance zone at 1.5817/48 and is not expected to give in easily. As soon as the latter area is penetrated, the Cable will then be able to target 1.6192. In the meantime, supports at 1.5667/05 and 1.5533/30 will be