FX.co ★ GBP/USD Bullish Above 1.6030 , September 06, 2011 (Daily Strategy)

GBP/USD

The pair-United States Dollar pound sterling. Since the recent peak levels around 1.6600, which ran two weeks ago, the pair managed to lose 450 points of its value. From a technical perspective, it is estimated that if drilling support 1.6030, apparently continue to decline. However, if the pair manages to stay above the level of proof seems to begin a new upward movement, and may reach peak levels of 1.6720 earlier and higher still. The first price target is is in near the resistance around the 1.6403.