SHORT DESCRIPTION :
Today Poundsteerling found its support at the 1.6275 area and again tried to penetrate above the 1.6375 level (resistance level). If this level can be exceeded then this currency is likely to go to the next level as the first target at the 1.6425 and 1.6500 as the next targets, and this level (1.6500) must be achieved at least during the next three days. But please pay attention to the 1.6475 level, it seems that level will be a strong Resistance. On the other hand if this day the GBP/USD can break down and close below the 1.6250 level, the 1.6200 will become the first target and the 1.6175 will be the next target .
