The GBP/USD is in the process of unwinding an overbought short term stochastics as we hold a tight range of 1.6612-1.6684 this week. Look for good support at 1.6595/85 but below 1.6570 adds pressure for a buying opportunity at 1.6540/35 & a bounce from here expected.
If we can hold above 1.6630 we can target 1.6660/65. We should struggle here but if we continue higher a retest of the 2 day high this week at 1.6680/85 could hold a move higher. However be ready to go with a break to target resistance at 1.6715/20. Try shorts here with stops above 1.6745 for a retest of March highs at 1.6786.