GBPUSD(1.6268)

GBPUSD has taken a good dip and is expected to sume the momentum after
taking some retrace towards 1.6300 level. If the retracement is
extended, then we will be able to see it rising towards 1.6410 level.
On the lower side aders initially will be looking below 1.6200 level.

Recommended Trade Levels

Trade 1: Sell GBPUSD @ 1.6300
Trade 2: Sell GBPUSD @ 1.6410
Stop: 1.6460
Profit Target 1: 1.6180
Profit Target 2: 1.6110