| GBP/USD - Bullishness Hits 1.6000 Posted: 06 Aug 2010 08:15 AM PDT  Price action on GBP/USD (a 4-hour chart of which is shown) as of Friday (8/06/2010) morning, has reached all the way up to approach key psychological resistance in the 1.6000 price region on the heels of the non-farm payrolls (NFP) report, establishing a new 6-month high for the pair. This occurs within the context of a strong overall uptrend extending back to the May lows. For more technical analysis on this currency pair, please click here for Friday’s (8/06/2010) Chart of the Day.
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