The couple was GBP / USD breached the resistance level
at 1.6820-40 after being tested several times in the short. The strong break of this level, has led to a strong movement towards the resistance at about 1.70 (up to 05.08.2009). The short-term bullish
momentum remains intact until the support holds at 1.6680 area. In the very short term, given the two figures of inversion that formed on the chart, a move towards 1.6900 to 1.6960 is favored.