FX.co ★ GBP/USD Buy Above 1.5905 For September 06, 2012 (Daily Strategy)

The pound sterling is trading inside the bullish channel and, according to technical analysis, it is tend to have an upright tilt. So it's probably a consolidation at current price levels or a correction to 1.5905 support. Since the trend is up, we recommend buying at support levels with objectives to weekly resistance 1.6087.

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