FX.co ★ GBP/USD Strong Resistance 1.5760 - For August 07, 2012 (Daily Strategy)

The British pound is growing, affected by the manufacturing data from the UK. As it is seen, poor data does not have a significant impact on peer leaders.
The pair broke the 1.5585 significant support, which increased the pair chances to negotiate in the upcoming days above the 1.56 level. Overcoming of 1.5760 could accelerate growth in the previous days but the pair was locked in the price range of 1.54 - 1.5765.
Therefore, a return to the level of 1.5590 will give us the opportunity to buy at low prices with the objective of 1.5760 resistance, a break above 1.5770 will be the beginning of a new sequence upward to 1.5945.

If you need a personal consultation, contact me via e-mail: gerardo.porras@analytics.instaforex.com

If you like my Fundamental analysis, please vote for me, but first you must register at the portal MT5 for a vote to be valid. Thanks.