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Forex pairs in this Article » GBP/USD (Barcelona) - Nomura Strategist Saeed Amen provides his views on GBPUSD from a purely technical perspective.

Looking at an hourly chart, Amen notes that spot's downward break through the 20D SMA was short lived. "The RSI (14) has also rebounded back higher, suggesting that we have reached a short-term low." He notes that Bollinger bandwidth is low, suggesting that spot is likely to range with a retracement back higher the most likely scenario. He has set his target for the week at 1.6300.
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