FX.co ★ GBP/USD Strong Support 1.5912, September 08 2011

GBP/USD

The pair, British pound - U.S. dollar, came down in price, directly to the strong support 1.5912. Since the recent peak levels around 1.6600, which ran two weeks ago, the pair managed to lose 680 points of its value. From a technical perspective, it is estimated that if drilling weekly support 1.5880, 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 1.6600 earlier and higher still. The first price target is in the vicinity of the resistance around the 1.6418.