The GBPUSD is once again flirting with layered support around the 1.60 level.  Support is created by the .382 fib as well as the ascending TL that has capped price action over the last month.  A break below this level targets a move down towards the 50 Fib at 1.5903.  Resistance begins at 1.6050 followed by the 1.61.

Sup    1.60        1.5903 (50 Fib)

Res     1.6050          1.61

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