The GBPUSD moved from the top to the bottom of its recent range over the past week.  The BOE ,Bank Of England, increased its Asset Repurchase Program by 50 Billion to 375 Billion on Thursday.  This news combined with week data and easing out of central banks around the world pushed the cross lower.  From a technical standpoint the selling pressure may be a bit overdone.  The pair managed to close the week above major daily support at 1.5475.  If the cross can remain above this level in early trading on Monday we could see a pullback from last weeks decline.   The first level of major resistance does not begin until 1.5650.

Sup  1.5475                        1.54

Res   1.5650