|Charts & Fundies||
From a pure technical stand point this erratic action on the $gbpusd 5 minute chart below says there's a chance it could break lower today.
A look at the $gbpusd daily would suggest a rest is due.
If that happens here are some fib levels to watch for a bounce. Not really looking for a major romping just a pull back slash rest in the currency. Again, this is just a technical look, there could be fundamental news that could send the pair sideways, up, or down. But I'm a firm believer that fundamentals show up in the technicals first so, yeah.
That 1.60189 looks like a good place to target for a pullback if for no other reason than price has held 1.60 really well lately. Watch yourself out here traders, it's a crazy market we're trading, but somebody has to do it... Good luck and happy hunting!