Daily pivot point: 1.6020.
GBP/USD:
- Resistance: 1.6150 (sell below this level).
- Support: 1.5875 (buy above this level for retesting this level for a short period).
Trading recommendations:
- According to the previous events, the price is still between the levels of 1.6055 and 1.5990
- The descending movement will probably be lower than the 1.6130 level with the first targets at 1.6020 and 1.5925.
- Buy deals are recommended above the 1.5900 level with targets at 1.5970 and 1.6080.
