Mon, 09 Jul 2012 07:31:32 GMT
GBP/USD to be capped by 1.5543/53
Unable to overcome a key resistance zone at 1.5718/29, GBP/USD is heading towards 1.5291/56 in the medium term, however, it will have to pierce through 1.5446 and 1.5389/85. In the meantime, the Cable is oscillating and may soon challenge an interim resistance located at 1.5543/53, followed by additional levels at 1.5583/1.5609 and 1.5646/74.