GBPUSD has broken short term support 1.6050 (Oct 17th low) and is expected to trade lower in the coming days.
On the downside break of 1.6050 will target 1.6005/1.5950.
Minor resistance is around 1.6080. Break above 1.6080 will target 1.6140/1.6183 (Oct 21st high).
Recommendation: Sell GBPUSD around 1.6060, SL 1.6082, Target 1.6005/1.5950.
On the downside break of 1.6050 will target 1.6005/1.5950.
Minor resistance is around 1.6080. Break above 1.6080 will target 1.6140/1.6183 (Oct 21st high).
Recommendation: Sell GBPUSD around 1.6060, SL 1.6082, Target 1.6005/1.5950.