GBP/USD GAINS FRESH HIGH

GBP/USD, fresh high for the pair in the first hours of Asia, corrective movements seem quite limited in the pair that looks decide to regain the 1.60, thus bigger time frames indicators are presenting divergences.

“1.6000 first resistance above actual high, is followed by 1.6040 zone, where we could see the 38.2% retracement of the last monthly free fall from 2.0158 to 1.3502,” said Valeria Bednarik, collaborator at FXstreet.com. Level should offer some rebound at least as a first attempt. Despite divergences, downside correction don’t seem likely at this time.