FX.co ★ GBP/USD Technical Correction , April 21, 2011 (Daily Strategy)

GBP/USD

Today, the important levels for British pound - United States dollar pair are 1.6622 ( (3st weekly resistance) , 1.6522 (2st weekly resistance).
An impulsive descendant movement can take place after the breakout of 1.6535.

Now a technical correction, is Stronger than ever, we predict a downwards Movement Towards the first weekly resistance level around 1.6420.