GBPUSD

This pair from1.5673 extends further But again, break of 1.5992 resistance is needed to confirm reversal, or we'll stay cautiously bearish. Below 1.5774 minor support will turn bias back to the downside. Break of 1.5673 will pave the way to retest 1.5268 key support level next., price actions from 1.3503 (2009 low) are treated as consolidations to long term down trend from 2.1161, no change in this view. the important point is that it isn't finished yet. Focus is now turned back to 1.5268 support and break will be a important sign of down trend resumption. But before that, range trading could extend further.