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Gbp/Usd: Evidence Of A Bearish Price Action. 1.62 NextTop ↑  June 10 2011 Pound was trading higher for the past few days, after the prices found the support at 1.628. But upward bounce from that support was slow and choppy as already noted yesterday, which was the first but very importnat sign of a bearish continuation within a blue wave (b). In fact, in recent trade prices moved below key1.6316 support, which now confirmed lower prices, and put new targets in play, somewhere around 1.62, projected by Fibonacci. 
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