Sterling strengthened speculation is supported by market makers on the BoE rate hike in the near future, but the facts say otherwise in line with several economic reports still showed decreased activity. These currency pairs tend to seek support at level 1.6158 and resistance at level 1.6364.
Today is Thursday, 7 - 04-2011 Price GBP/USD opened at level 1.6330
Resistance 3: 1.6471
Resistance 2: 1.6417
Resistance 1: 1.6373
Pivot Point: 1.6319
Support 1: 1.6275
Support 2: 1.6221
Support 3: 1.6177
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