GBP/USD: Sharp Bearish Reversal on 30 August
GBP/USD has sharply weakened after two days of technical improvements. Monitor the test of the support at 1.5755 (28/08/2012 low), as a decisive break would call for a deeper decline.
GBP/USD has broken to the upside out of its 2- month consolidation. The theoretical target is 1.6192 (based on projection).