FX.co ★ GBP/USD Around Second Weekly Support , March 11, 2011 (Daily Strategy)

GBP/USD

The British pound - United States dollar pair is facing its second weekly support approximately 1.5959, is also important to note that there is a strong line of support, so the fall that brings the pound sterling, can hold at these levels, at these levels would be a good opportunity to buy with a target in 1.6160. around monthly pivot.

something we see on the graph, the analysis of 03 March where our outlook was bearish, so it is, having won about 300 pips. instaforex.com/forex_analysis/24267/