forex gbp usd signals for 30 jan 2013

gbp usd pair currently trading at 1.5793 with gains.last 2 days pound showing gains against dollar and made bottom at 1.5695.on hourly and h4 chart bottom is already made and now heading towards 1.5880 levels.this will be technical bounce back target if clears then next levels will be 1.5930 and then 1.5995 which 3 month average.

on daily chart trend is still down for pound but momentum definitely shifted on bulls side as dollar index showing some softness.those brought near 1.5600 must trail there profits with stoploss and expect for first target 1.5880 in next 24-48 hours.