By ForexMansion.com
The GBP/USD has found strength at this point, showing the 1.60 as a strong support area yet again. The pair continues to grind northward, and should keep doing so. The pair seems to be a snail’s pace market, but keeps making higher highs, and keeps this flat level low. Strength is to be expected, albeit very slowly. A break of 1.60 is bearish, but seems to be very difficult at this juncture.
Originally posted here
