GBP/USD Daily Technical Anlysis 22 AUG 14

GBP/USD:

Sterling driven by bear power and approaching the 1.6540 support level. We expect this level could give strong support.

If this level breaks sterling could fall to 1.6480 and 1.6429 levels.

S3	S2	S1	R1	R2	R3
1.6358	1.6429	1.6543	1.6616	1.6676	1.6728