GBPUSD is resuming its downward trend after taking a retrace above 1.6100 and looking to head once again below 1.6000 level and towards 1.5920 level. Break of 1.5920 level will set 1.5765 as next target.
On the upper side break 1.6100 level will set 1.6300 as next target for traders. Aggressive traders will look to initially sell GBPUSD around 1.6070 level. Conservative traders will like to hold back a bit and let GBPUSD settle in a direction before entering the market.
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