1.6000 looks to be coming under fire as we slip towards the European close. We closed last week at 1.5965 and opened this week at 1.5954 and been up to 1.6226 before returning here. All hail volatility.
The 200 wma is in play as I highlighted earlier, and a hold of 1.6000 might be a small mercy for the pound. We’ve also got the April 2011 resistance line at 1.5995.
GBP/USD Daily chart 10 10 2014
