Pair GBP/USD is extending its rally above 144-day moving average curve, touching today the highest level since 15 November 2011 – 1.5925 (50% Fibonacci extension level for the period August 2011 – February 2012). With the strengthening British pound, moving average curves are getting gradually upward sloping, while the RSI is approaching the level of 70. A break of 1.5930 could accelerate gains toward psychological barrier at 1.6000 and even higher toward November and December highs – 1.6093 and 1.6165. The nearest support levels come at 1.5872 and 1.5775.