GBP/USD is currently trapped inside consolidation range between 1.5646 - 1.5725.
Our view for the pair is still bearish as we we had strong bearish reaction after hiting the resistance level at 1.5770 & the pair formed a H&S reversal pattern manifested more clearly on the 1H chart.
Yesterday we suggested selling after closure below 1.5645 but the pair couldn't make it and resumed its consolidation inside the same range.
Today we will have a short entry if the pair manages to close below 1.5645 targetting 1.5605 then 1.5555 with SL placed above 1.5710.
