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12.06.2012 04:49 PM
GBP/USD Bullish Outlook for June 12, 2012 (Daily Strategy)

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The pound which has been trading at highs on Tuesday, is still keeping its uptrend channel short-term. Having broken the downward channel, it has already made its pullback to this channel, which increases the likelihood of that the pound has a growth potential to at least 1.5800.
The indicator range is showing a bullish longer sequence. Our goal is placed at 1.58 this is a strong resistance and the primary bearish channel.
We therefore recommend buying above 1.5490 or 1.5540. The stop loss should be placed bellow the minimum of 1.5390.

 

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