GBPUSD continued to fall down almost 300 pips last week, one of the biggest loss weeks in the last 3 months. Good US NFP data on last Friday pushed price to break the key support at 1.60600 easily.
We expect the down trend will continue but limited with next key support is 1.58500 zone.
Forex Trading Signal:
The best way is to trade in line with the existing trend, we will wait for signals to short GBPUSD around 1.6030 – 1.6060 today.