4 Hour chart shows support, and .... action! :)
Daily Chart:
Seems like everything is in order.... ^___^ flipping back to my weekly forecast, I am Happy :)
Not gonna long now, bcz, I am still waiting for the best seat for the next Leg~ Down!
1.6160 will be the first resistance now, which is the usual 100 pips profit from this 4 Hour chart action for GBP/USD.
Next, expect market to consolidate, and lets see whether GBP/USD manage to break above 1.6192 (previous week high) and make a new top at 1.6250.
Related: My Weekly Forecast [http://ayumi216.blogspot.com/2011/07/weekly-forecast-fx_18.html]
Chart [Weekly Forecast - Daily] [Weekly Forecast - 4 Hour]
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