GBPUSD seems to be going a nice downward trend but has touched the lower end of downward channel and therefore we might see some retracement by GBPUSD earlier next week. Secondly the RSI is also on the lower side, so it will also be pushing GBPUSD upwards. Currently we might see GBPUSD take retrace towards 1.5375 level and that will be top of downward channel and will provide a very good selling opportunity for GBPUSD. If the retracement is extended above 1.5375 level, then we might see GBPUSD heading above 1.5500 level.
TRADE:
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