FX:GBPUSD British Pound/U.S. Dollar
The GBP/USD is consolidating after another impulsive move which wiped over half the gains of the corrective move in short order. We're interested sellers on a break of the horizontal channel, which would also be a break of the 61.8% fib of the corrective move, providing further confirmation that the sellers are still in control of this market. On the other hand, if the pair does break higher, a break of the 1.5916 highs will signal that buyers may be getting ready to turn this pair around.