“The above resistance of GBP/USD put on 1.6300”

[sarahfx]

In the morning session of Asia market on Thursday, GBP/USD maintained consolidation near 1.6220. Supported by the internal strengthened power of increasing interest of Bank of England, the forex price of GBP/USD rose to 1.6272.
The analyst pointed out that GBP/USD kept ups and downs under 1.6300, the revised indicator in four hours chart was bullish and there were risks to break through the high point of 1.62736.
Viewing from the week chart, GBP/USD recaptured the decline and rebounded depending on 5 week average line’s support.
Once the forex price broke the 1.6300 that is the highest point for 13 months, the forex price might direct to 1.68 to 1.70.