GBP/USD is trading between 1.6039 and 1.5925 for the past three trading session.
Minor support is around 1.5925. On the downside break below will target 1.5876 (Oct 15th low) and 1.5806 (100% retracement of 1.6183 to 1.5950 from 1.6039).
Short term resistance is around 1.6080. Any indicative break would extend gain to 1.6145/1.6183.
Short term trend reversal only above 1.6183.
Recommendation: Sell GBP/USD around 1.6030, SL 1.6080, Target 1.5925/1.5870
Minor support is around 1.5925. On the downside break below will target 1.5876 (Oct 15th low) and 1.5806 (100% retracement of 1.6183 to 1.5950 from 1.6039).
Short term resistance is around 1.6080. Any indicative break would extend gain to 1.6145/1.6183.
Short term trend reversal only above 1.6183.
Recommendation: Sell GBP/USD around 1.6030, SL 1.6080, Target 1.5925/1.5870