4 March 2011
GBP/USD probes offers
UK clearer' demand supports GBP/USD right now, lifting it from earlier pullback lows at $1.6235 to highs above $1.6260. Rate currently trades around $1.6264. Resistance seen up at $1.6278 (76.4% $1.6291/35), a break to allow for a retest on earlier highs at $1.6291, with offers seen from here, extending toward $1.6300.