GBP/USD Technical Analysis for April 19, 2011

The GBP/USD pair fell rapidly today, only to bounce back up in the afternoon during American trading. Because of this, the pair now looks even more bullish over all, and could possibly is a longer-term buy waiting to happen. We are now in a “buy on the dips” scenario until we break the 1.60 support zone.

Written by ForexMansion.com