The GBPUSD pinched higher after NFP to test the .618 fib at 1.6216 before quickly reversing course lower. The pair is once again sliding down towards the yearly trend line that had capped price action for over a year that is now support. The cross tested the level earlier in the week but was rejected. A second test could be in the cards. A break below the TL could expose the fibs levels starting with the .382 fib at 1.5999
Sup TL 1.61 (.382 fib) 1.5999
Res 1.6216
Keane Plan...Watching the trend line support at 1.61
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