GBPUSD Sterling is unwinding its oversold condition by flipping within a near term range bordered by resistance at 1.3614 and support at 1.3462-1.3455. A break below 1.3450 will trigger the next short down to 1.3301. And on the upside a break above 1.3615 is required to arrest the downtrend and to start flipping more short stops for a 100 pip rally to 1.3715.