gbp/usd analysis for 07 july 2015 (daily forex analysis)

the pair GBP/USD has weakened from Greek risks and weaker-than-expected manufacturing PMI; however, we still see strength in the more important services sector. In particular wages here appear to be picking up which has supported rate expectations in the UK and therefore GBP. We believe there is potential for GBP/USD to reach 1.60 but prefer buying on the crosses, in particular against the NOK where an accommodative central bank highlights the divergences between the two currencies.
The British economy grew faster than previously thought in the first quarter of the year, as household's disposable income increased at the fastest annual rate since 2011. The economy expanded 0.4% in the first three months, according to the Office for National Statistics, up from an initial estimate of 0.3%. Most economists and the Bank of England expect growth to accelerate later this year. The ONS also revised up an annual growth to 2.9% from 2.5%. For 2014 as a whole, the UK economy grew 3.0%, the fastest pace since 2006.
so fundamental long term is bullish
so the recomendation for gbp/usd is bullish.we will waiting for technical buy and ignore selling signal for gbp/usd