GBP/USD - strong resistance 1.5278 - for April 05, 2013 (daily strategy)

Yesterday the British pound managed to recover from the downward pressure that led it until support levels of short-term bullish channel. This pair has a strong resistance in the 1.5278 area, daily fractal level. If you look at the chart, this pair is still below the long-term bearish channel. Therefore, it will be hard to overcome this level, so we believe that there must be a new sequence bearish for the next few hours. Therefore, any price approach to 1.5278 resistance will be an opportunity to sell the pair with targets at 1.5064 support.

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