Forex: GBP/USD breaks above 1.5800

FXstreet.com (Córdoba) – The Pound rose above 1.5800 for the first time since early august and hit at 1.5815 a fresh daily high. GBP/USD has risen more than 100 pips in the last three hours and is headed toward the second weekly gain in a row.

Currently the pair is struggling to hold above 1.5800. To the upside, immediate resistance levels lie at 1.5820 and above at 1.5860. Support levels could be located at 1.5770; 1.5730/40 and 1.5640 (daily low).

Dollar is falling on Friday and is holding close to daily lows across the board. 

My Personal Analysis - GU Weekly Chart, mt : 11.09pm

GU Highs ;                                            

04.11.2007 = 2.1161
09.03.2008 = 2.0397
13.07.2008 = 2.0158
02.08.2009 = 1.7043
15.11.2009 = 1.6878
17.01.2010 = 1.6457
11.04.2010 = 1.5522
01.08.2010 = 1.5997

US News 31.8.2010

mt - 10.53pm gu kelihatan turun . USD menguat berbanding GBP.  Setakat mana gu akan turun - tak pasti sebab dari segi EW H4, gu still akan turun. Tapi dr segi PA movements, gu nampak akan naik....