FX.co ★ GBP/USD Bullish Outlook for March 16, 2012 (Daily Strategy)

The GBP / USD pair has broken its downtrend resistance line of 1.5748 and looked sharp in the U.S. session. The upward impulse can lead it to the next weekly resistance 1.5816 and 1.5950.

We recommend Buy-positions at the support level 1.5750 support or above the weekly pivot short term goals located at 1.5960 level.

The MCD indicator shows bullish sign