After starting the week strongly getting within reach of 1.6450, the GBP/USD has since eased back a little however has found support and settled around the 1.6350 level. In the middle of last week it did well to break through the long term resistance level at 1.6250 which had established itself as a level of significance over the last few months. Over the last few weeks or so the pound has bounced strongly off the support level at 1.59 to return back to its present levels. Towards the end of October the GBP/USD slowly drifted lower from the strong resistance level at 1.6250 and down to a three week low just around ... (full story)