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Gbp/Usd trading below 1.5600

Written February 9, 2010 at 4:17 AM EST by Vincent Facchino 

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As stated in an earlier post, Gbp/Usd found resistance up at 1.5650 and has subsequently come off to trade below 1.5600. The pair has traded down to 1.5582. If this move can continue we should see some support around 1.5565-70 level. A break below should bring Gbp/Usd down to 1.5530-40 area. A break back above 1.5600 should send the pair up to 1.5625-30.

vincent_fx00010

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