GBP/USD Analysis:
The global economy has been on a roller coaster. Dow has been up above 10000, well supported, but last night make a dip of -100 points.
Likewise, the USD has been following the strength of the US economy and sentiments.
There has been a price squeeze on the pound. It is now touching the support on the daily EMA200 and EMA100 at 1.530. Will it go up or down?
If it break down below 1.530/1.529, the trend set will be a down and we will see pound heading lower towards 1.52 then 1.504.
Of course, if support is strong, pound will rebound and expect resistance at 1.545/1.548.
Pound has been following the EUR?USD, which is also supported at 1.267/63.
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