GBP/USD Daily Technical Analysis 5/11/2012

Technical points	Supports / Resistances
Key point       1.6155 Entry point    1.6128 Elliott              1.6067 Closing           1.6146 Projection      1.6199 Trendline        1.6092 Trendline        1.6117	Res 2           1.6230 Ex-High        1.6182 Res 1           1.6188 Pivot           1.6140 Sup 1          1.6098 Ex-Low        1.6092 Sup 2          1.6050

Elliott: irregular flat correction up 1.6230It looks set for gains to 1.6188. Supports at 1.6119 and 1.6098. A break of 1.6050 will damage this bullish structure.