GBP/USD technical analysis 2/3/2010:

The dollar weakened its pressure on sterling in the American session, in the coming hours would expect a test the resistance zone at 1.6015-1.6025 from where we forecast downward movement to be resumed at 1.5910-15930 and price movement to levels around 1.5840-1.5860. Moving above the 1.6030 price will cancel forecast for a downward movement with a probable target upper border of the descending price channel at 1.6100-1.6120.