The pair continues to retain its short term upside as it eyes its.50 Fib Ret.(1.7041-1.4226 decline) at 1.5628. This is coming on the heels of a violation of the 1.5470 level, its July 13′10 high as well as its April 15′10 high at 1.5521. With this feat achieved, we look

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GBPUSD – Pressure Continues To Point Higher

GBPUSD: A rally on Tuesday saw the pair breaking and holding above the 1.5470 level, its July 13’10 high as well as its April 15’10 high at 1.5521. With this feat achieved, we look for the pair to head further higher towards its.50 Fib Ret.(1.7041-1.4226 decline) at 1.5628 or even

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GBPUSD: Clears The 1.5521 Level, Eyes More Gains