FX.co ★ GBP/USD review for January 27, 2011

On today’s GBP/USD graph I see consolidation.
If the 1.5830 level is broken, further decline to 1.55 with 1.5350 as the next target should be expected.
If the level is not broken, the target will be 1.61.
Sell up to 1.5830, if it is not broken – buy from the 1.5830 level.
Below the 1.58 level consider selling again, but a rebound upside to 1.60 is also possible before the European session, now I see the resistance level 1.5925.
Sell the GBP/USD near 1.5970.