The GBPUSD has established an interesting trading plan over the last few weeks.  The pair has a tendency to slowly drift lower and then suddenly squeeze violently higher.  Throughout the week the pair created higher lows and higher highs.  The pair finished the week above the .382 fib from the May lows at 1.5660.  The price action to start the week will be telling.  A hold above this level could expose the cross to a test of the 50 fib at 1.5782.  A bounce back below 1.5660 could lead to a test towards 1.56.

Pivot   1.5660

Sup     1.56

Res     1.5782

Keane Insight:  Watching the 1.5660 level into the start of the week.

For more details regarding current trades and trading plans Check here  .

Take a look the first week is free,  once you see it you wont be able to look away.