GBPUSD is moving in a nice upward trend but it seems that it is due for a dip and we might see GBPUSD taking a dip below 1.6000 level towards 1.5950 level and traders will look to buy GBPUSD around this level for GBPUSD to resume back to 1.6100 targeted level.
On the lower side, the dip can extend towards 1.5840 level and if GBPUSD manages to break 1.5800 level, then traders will look to aim for reversal entries. RSI is around 62 in daily charts and thus seems to have more than enough space to make a move above 1.6100 level.
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