FXstreet.com (Buenos Aires) - GBP/USD fell to test daily lows after U.S. data, reaching 1.5918 level, barely 3 pips away from Asian session low. With stocks strongly bearish, pair likely to resume downtrend under that low; confirmations under 1.5910 could trigger more bearish momentum, and send the pair to test the 1.5860 zone, ahead of 1.5910.

However with U.S. New Home Sales and University of Michigan Consumer Sentiment ahead majors likely to consolidate around current levels before defining intraday trend.