Forex | Forex | Sterling ready to break 1.62/1.66 (30/06/2009 03:12:00)

Sterling ready to break 1.62/1.66

FXstreet.com (Buenos Aires) – GBP/USD Current price: 1.6590. Again pushing trough the 1.6600 zone, pair seems ready to break past weeks range of 1.62/1.66. Hourly indicators still suffer the effects of lateralization thus, confirmation above 1.6610 zone could trigger strong bullish momentum in the pair to the 1.6662 zone, year high.

“20 SMA under current pirce and pointing higher supports the bias,” said Valeria Bednarik, collaborator at FXstreet.com.

Support levels: 1.6560 1.6520 1.6480. Resistance levels: 1.6610 1.6660 1.6200

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