The GBPUSD has drifted sideways over the last three days.  the volatility in each cycle has become more and more compact.  Thus we are left with a triangle.   The top of the triangle is created by the descending trend line and the .382 fib at 1.5660.  This level combined by daily price resistance just above at 1.5675 creates a strong resistance zone.  The bottom of the triangle rest at 1.56.  Below this level daily price support can be found at 1.5575.  If either of these levels give we should see a move away from the current range.

Sup           1.5660/75

Res           1.56/5575

Plan:  Waiting for a break from the triangle.

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