Being supported by 1.9337 (Jan 22 low), GBPUSD rebounds sharply from 1.9361 level. Further rise towards 1.9900 area to reach the next short term cycle top is still possible next week. Key support is at 1.9361, only break of this level will signal the resumption of the down trend.
http://blog.forexcycle.com/706/short...s-feb-22-2008/