The GBPUSD continued its bullish momentum last week and hit 1.6287 earlier today. The bias remains bullish in nearest term testing 1.6350 1.6470 area. Immediate support is seen around 1.6250. A clear break below that area could lead price to neutral zone in nearest term testing 1.6200 1.6150 but overall I remain bullish on this pair and still prefer to buy on dips.
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Technical analysis for precious metals with major support and resistance levels and recommendations for 18-08-2009