From a technical standpoint the GBPUSD had traded very purely as of late. The pair moved down last week to test the .382 fib from September's advance and then slowly drifted higher towards the descending yearly trend line at 1.0670 before bouncing a tad lower on Friday. Heading into next week resistance begins at the TL at 1.0670 and support begins at the .382 fib at 1.60. A hold of the TL to start the week could lead to a test of the 50 fib from September's advance at 1.59.
Sup 1.60 1.59
Keane Plan...Watching Tl support for a push lower towards the 50 fib.
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