GBPUSD continued to move down further but slowly toward 1.6160. The selling pressure seems weaker now but bearish momentum still in control.
The next support level will be 1.6160 and further medium term support will be 1.6060. If 1.6160 support hold, price may go up to test 1.6400 again.
Forex Trading Signal:
We will watch for signals to short GBPUSD around 1.6270 today with target 1.6160.