The GBPUSD pushed higher once again on Tuesday. The cross breached resistance at 1.6050. If the pair can remain above this level it may focus its eyes on the descending trend line extending from the May 2011 highs at 1.6140. This level if reached could attract sellers in the short-term. But if the 1.6140 price is pierced the upward trend could continue into the 1.63 region. Support is currently at past resistance at 1.6050 and followed by 1.5960.
Sup 1.6050 1.5960
Keane Plan....RSI is overbought...Could be overextended. Looking for a pullback to buy into.
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