Tue, 04 Sep 2012 07:13:24 GMT
GBP/USD breaks through to 1.5922/34
GBP/USD did not yet fully give in to bears and step by step inches higher. Presently the currency pair is moving towards 1.5922/34, breach of which would pave the way to 1.6063/93, though resistances at 1.5979 and 1.6021 will have to be overcome first. Nevertheless, most of weekly and monthly technical studies are bearish, suggesting that supports at 1.5837 and