Tue, 11 Sep 2012 07:51:47 GMT
GBP/USD's downside risk increases
After a short correction phase, following an encounter with 1.6021/33, the cable has recommenced advancement and appears to be ready to challenge a monthly R1 the second time. Still, the rally of GBP/USD is expected to come to an end soon, since a downtrend resistance at 1.6084/96 should repel the price once it gets close enough. This is also evidenced