Daily Analysis for GBPUSD, 16.11.2011

The currency pair GBPUSD broke its session of some consecutive declines and made a slight rise. The pair started at levels of 1.5840, and after a diverse trading throughout the day and two larger jumps upward, finally managed to finish in green territory at levels of 1.5861. If the GBPUSD continues its upward movement, it will head to the resistance of 1.5912. In the opposite direction the pair will once reach the support levels positioned at 1.5822.

Support: 1.5822;
Resistance: 1.5912, 1.6039, 1.6176, 1.6307;

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