The GBPUSD manged to break below the bottom of the range that had contained it for the last few week s at the .382 fib at 1.5999 in early European trading. The pair did not travel far before running into daily price support at 1.5960. A bounce at this level will find resistance at past support at 1.60. Keep in mind that the 50 fib lurks below these levels at 1.5903. Any push down to these levels could find buyers.
Sup 1.5960 1.5903 (50 Fib)
Res 1.60 ( .382 Fib)
Keane Plan....Waiting for the price action to play it self out. Looking for a move to either the .382 fib at 1.5999 or the .50 fib at 1.59
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