FX.co ★ GBP/USD Bullish Outlook March 29, 2011 (Daily Strategy)

GBP/USD

The British Pound - United States dollar pair takes five days on a downward trend from their peak at 1.6400, now showing signs of stagnation or consolidation, if the pair touch the weekly support line around 1.5890, would be a good opportunity to enter long with a goal around 1.6300, a daily close above 1.5990, it would be a good start of a new upward wave,