GBP/USD Failed To Break Below 1.5670

GBP/USD reached the support at 1.5670 visible on the daily filter chart but failed to break below that level and moved to the upside again. While there is still a small possibility that the pair might break below the support and continue falling towards 1.5590, I think we can expect a further move to the upside in the following days. I think GBP/USD will likely continue rising at least until it reaches 1.6000, which is a significant level of resistance visible on the daily filter chart, and should it break above that level we can expect a further move to the upside towards target 1.6100.