Thu, 01 Dec 2011 08:33:02 GMT
GBP/USD to surge in the short-term
The cable is expected to extend its gains up to the levels of 1.5883/88 or even 1.5974, which in turn are likely to resist further advancement. After this rally the bearish momentum is anticipated to gain strength and drag the price down to 1.5330 and to even lower levels at 1.5272 and 1.5072.