Analysis GBP & Headline News

• GBPUSD : Hourly and Daily  charts strenght to support the uptrend to the  next  level 1.600, but beware to breakout  the support of 1.5778, the risk of a correction for turning things around towards the down, Resistance  : 1.6040 - 1.5970 - 1.5910, Support : 1.5685 - 1.5830 - 1.5850
• Stronger European profit pushed GBP at the highest level in six months against the US Dollar, whereas the single currency, EUR reaches $ 1.32 and for the first time since early May. 
• US Dollar  to its lowest in three month on Monday (8/2/2010), while EUR gained after passing throught  the technical level key