The British pound bounced again in the support area, 1.5760. You could notice during past ten days while the euro was up, this pair gradually has collapsed, due to weak British economic data and GDP below zero in the last quarter of 2012. The data has influenced the pound and now it has downward pressure to a low of 1.5745, but 1.5760 weekly support offered a very strong ground. It rose again to the price, listed this morning at 1.5811. It is likely that for the next few days we will see a recovery of the British currency, you can buy now at current price levels or wait for buy signal when the pair closes above the 200 day moving average periods.
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For detail explanation and best discovery on market trends you may visit via GBP/USD strong support 1.5760 - for January 25 - 31, 2013 (daily strategy) . Thanks for your support on GBP/USD strong support 1.5760 - for January 25 - 31, 2013 (daily strategy)
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