Although the British pound remained under pressure after breaking support at 1.5832, suggesting a test of chart support at 1.5708 cannot be ruled out, however, breach there is needed to confirm downside break of recent 1.5708-1.7044 range has taken place, then weakness towards 1.5643-59 (100% projection of 1.6277 to 1.5850...

http://www.actionforex.com/action-insight/...20100205106105/