The MasterCharts: GBP/USD Technical Analysis
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Saturday, May 14, 2011

GBP/USD Technical Analysis

Cable Technical Analysis

GBP/USD Technical Analysis

Recovery in the Pound today sees the pair back above 1.6266. Visible topping on the daily chart combined with the pairs inability to post a close above 1.6400 keeps the outlook bearish. Watch for a further run at 1.6426 high.

1.6222 provides initial support, with a break of 1.6140 targeting 1.5935.
GBP/USD Technical Analysis