FXstreet.com (Buenos Aires) - GBP/USD remains close to 1.6060 daily low and strong support area, having lost around 330 pips from Asian high. Pair remains strongly bearish after breaking under 1.6110 and a daily close under 1.6110 will confirm the head and shoulders figure clear in daily charts, putting extra downside pressure in the pair.
Despite current rally seems a bit overextended to the downside, pair shows no intention of an upside correction at this point. Clearly under 1.6060, next support to consider comes at 1.6020 area, ahead of 1.5980. Corrective movements will find resistance at 1.6086 and 1.6110, that should keep the upside capped to validate the figure