GBPUSD has strong resistance @1.6182 pair is moving in upside channel
Pair has rejected from this resistance level almost three times
Recent news: S&P cut UK outlook to negative
US DOLLAR is slowly becoming stronger
if pair manage to break support @1.6060 then it may test next level 1.6 & 1.5914 (23rd Oct.2012's low )
Resistance : 1.6182, 1.6256
support: 1.6000, 1.5914
Pair has rejected from this resistance level almost three times
Recent news: S&P cut UK outlook to negative
US DOLLAR is slowly becoming stronger
if pair manage to break support @1.6060 then it may test next level 1.6 & 1.5914 (23rd Oct.2012's low )
Resistance : 1.6182, 1.6256
support: 1.6000, 1.5914
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