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| GBPUSD DAILY CHART - Waiting for a breakout. |
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| GBPUSD 4-HOUR CHART - Targeting 1.6170 if 1.6050/70 resistance broken |
Monday, December 03, 2012
$GBPUSD Outlook
Cable was moving sideways between 1.5960 and 1.6060 last week. The pair maintained its two week uptrend pattern but it needs to break above 1.6070 to confirm trend continuation. Break below 1.5900 should bring 1.5787 and 1.5665 in focus.
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