Forex: GBP/USD close to Oct-31 high, at 1.6165

Forex: GBP/USD close to Oct-31 high, at 1.6165 Tue, Apr 24 2012, 11:51 GMT | FXstreet.com FXstreet.com (Barcelona) - The GBP/USD is extending its gains above last Friday’s high, at 1.6149. Ahead of the American session, the pair printed its most recent high at 1.6164, one pip away from October 31 high, at 1.6165. Buying pressure remains while the cross trades at 1.6160. Breaching Oct-31 high resistance, the GBP/USD will start printing new 6-month highs. “Yesterday's attempt for a break through 1.6076 support failed and the uptrend here is intact, targeting 1.6250. Initial minor intraday support is projected at 1.6130 and there is still a chance for one more slide to 1.6080 before breaking out for 1.6250”, wrote Deltastock.com analyst Stoyan Mihaylov.