GBP/USD Technical Analysis for May 3, 2011

The GBP/USD fell today, although not far. The pair still looks decidedly bullish, but appears to be ready for a much needed pullback. The pair should find plenty of support at the 1.65 and 1.63 areas, and should provide buying opportunities at these levels. Waiting for the pullback is probably the way to go for the time being.

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