The British pound maintains an underlying downward trend, although its movements are slow and without much force. Currently it is trading at 1.6033, above the psychological level of 1.60. It is likely to be a bullish rebound at this level. If the pair closes below the 1.60 level, the next support will be very strong and it is at 1.5963, daily fractal level. Unlike the euro, this pair has been more cautious in moving upward, the next level we must take into account is 1.6135 (daily Fractal) and 1.63, very strong resistance level. Moreover, the technical indicators are showing a moderate upward movement possible for the next few hours.
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For detail explanation and best discovery on market trends you may visit via GBP/USD buy above fractal 1.5963 - for January 15, 2013 (Daily Strategy) . Thanks for your support on GBP/USD buy above fractal 1.5963 - for January 15, 2013 (Daily Strategy)
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