Forex Today News Signals GBP USD 01.28.2014

Forex Today News Signals GBP USD 01.28.2014

GBPUSD BULLISH
BULLISH above 1.653 ; moving toward 1.660 and possibly 1.664
Breaking 1.653 will trigger a possiblity to 1.651 and 1.647

Pivot : 1.653

Support : 1.651 1.647

Resistance : 1.660 1.664

Last Price : 1.65639

Our preference: Long positions above 1.654 with targets @ 1.662 & 1.6665 in extension.

Alternative scenario: Below 1.654 look for further downside with 1.651 & 1.647 as targets.

Comment: The pair remains on the upside and is approaching its next resistance.