GBPUSD (1.6330)

GBPUSD is shaping up for a move towards 1.6200 level. Traders will
look to sell GBPUSD around 1.6375 level and if GBPUSD extend its move
above 1.6500 level, second entry to average out both position should
be the strategy. RSI is at 46 in daily charts and thus seems to play
no role in GBPUSD movement at the moment.

Recommended Trade Levels

Trade 1: Sell GBPUSD @ 1.6375
Trade 2: Sell GBPUSD @ 1.6515
Stop: 1.6575
Profit Target 1: 1.6175
Profit Target 2: 1.6050