FX.co ★ The market manipulations analysis of the GBP/USD by Alexey Portnov for 07.02.2011

For the GBP/USD pair the week started on the upside, the opening price corresponds with the range, and the Friday’s decline was engulfed by the session’s growth. At the moment the price is close to the resistance zone 1.6135-65; testing of this zone will define future development of the situation. If the price fixates above it, the pair will continue the uptrend. If it does not, a new round of correction will begin.
Trading recommendations:
If the price fixates above 1.6165 I recommend to buy.