Mon, 28 Nov 2011 11:40:26 GMT
Cable to keep downward direction
Although bearish impetus is weakening for now, GBP/USD is anticipated to reach a mark of 1.50 within the next 3 months. The immediate resistance is located at 1.5585, followed by 1.5600 and 1.5710, while supports are at 1.5425 and 1.5347.