The pair might be ready to resume its move to the downside after a shy attempt above 1,61 resistance.
GBP/USD: daily chart
A break below 1,60 would expose a new test of recent low at 1,59.
Only a break above 1,6150 would leviate the downside pressure and expose 1,63 (descending trendline and key level).
Market participants will probably keep a close eye on the BoE rate decision (and associated comments) on thursday before reevaluating their strategy on the pair.
Provided by atf-forex-trading.com