THe GBPUSD didn't give up much of its ground overnight following Thursday's spike higher.  The pair created a bull flag overnight that was answered once trading began in Europe on Friday.   The cross broke above the weekly high at 1.5735 but could not maintain those altitudes.  Heading into next week this level will provide a bit of direction.  A push and hold above 1.5735 could lead to a test of the 50 fib from the May lows at 1.5782.  A hold at 1.5735 and a move back towards the Friday lows at the .382 fib at 1.5660 could be in the cards.

Sup        1.5660

Res        1.5735

Keane Insight:  Watching the 1.5735 level for cue.

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