GBPUSD is currently in a rather short-term upward correction moving in a range of yesterday’s low the level of 1.5359 to Fibonacci retracement the level of 1.5438. Breach of any of those levels will indicate at the high possibility of surge in pair movements. According to enduring long-term trend, which is undoubtedly bearish we recommend to consider solely short trades on GBPUSD in the near future.
More Analysis, SMS Signals available at: FxArsenal.com