FX.co ★ GBP/JPY Buy Now September 15 2011 (Daily Strategy)

GBP/USD

Technically, if the pair manages to stay above the 1.5754 level of testing, apparently begin a new upward movement, reaching up previous peak levels above 1.6600 and still, but we will be conservative and estimate the first wave upward will depend resitencia the second week. The first price target is in the vicinity of the resistance around the 1.6100. It should be noted double deviation observed in the MACD indicator and gives an indication of the strength of buyers around the current price levels it operates in the sterling-dollar.