The GBPUSD fell once again today in European and New York trading.  News flow out of the UK has not been kind to the pair over the last few days.  Combined with the overall risk of sentiment the pair has dropped over 300 pips.  Resistance is currently at past support at 1.59.  Two support levels are clustered around the current price.  The first is daily price support at 1.58, price action has rebounded of this level multiple times.  The second is the 50 fib from the January year lows at 1.5766.  These two prices create a strong support zone between 1.58/1.5766.

Sup     1.58/1.5766

Res     1.59