Forex Analysis : GBP/USD

A decent rebound on Friday leaves Sterling with immediate resistance at 1.6110 or so, with a break here pointing to a retest of 1.6200

Trade View
• We suspect an early week advance to 1.6140-1.6150 will occur, but will face an initial barrier from 1.6096 to 1.6110.
• A failure to pass 1.6110 on Monday would however be somewhat bearish, and would place 1.6070 or so as its key support and indeed breakdown point.

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