GBPUSD has had another impressive burst higher yesterday, taking the pair to fresh highs above 1.5760, and shifting focus back to the topside. Today we are seeing a marginal correction in gains but with momentum (MACD firmly below zero) / trend indicators turning marginally bullish a continuation pattern to 1.5891 is expected. Watch for next resistance to come into play at 1.5891 (200d MA & 21st Jan high), 1.6007 (18th Jan high), 1.5921 (200d MA), 1.6180 (10th Jan high), 1.6340 (2nd Jan high) and 1.6454 (29th Aug '11 top). The support zone is located at 1.5574 (9th Aug high), 1.5458 (26th July low), 1.5405 (8th June low), 1.5390 (6th June low), then 1.5266 (13th Jan low).

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