Quotes from Societe Generale Cross Asset Research:
-GBP/USD has almost achieved the target of 1.5780/20 after re-integrating within a monthly triangle. A decisive close below 1.5780/20 will indicate a deeper correction.
-Short term upside, if any, should be capped at 1.6190. Only a break above will signal a recovery. For the day, 1.5960/80 is an immediate resistance.
The material has been provided by InstaForex Company – www.instaforex.com