16:00 (GMT) 26 Nov

Chart GBP/USD Update: Still in consolidation mode on the day (FPXC5401)

16::00 GMT - GBP/USD continues to expand today's consolidation phase onthe heels of Fri's big move. We are not seeing any key level breaks so far today. The support zone to watch stands at 1.5978/56 and the resistance is at 1.6038/51. Cable is basically still stuck between key MA's for now and waiting for an excuse to trend. R.Z

R5: 1.6135 * 02 Nov high
R4: 1.6095 downtrend from Sep
R3: 1.6075 break level
R2: 1.6051 * 50-day MA
R1: 1.6038 hourly high
S1: 1.5978 22 Nov high
S2: 1.5956 * 05 Nov low
S3: 1.5923 23 Nov low
S4: 1.5900 * 100-day MA
S5: 1.5855 * 200-day MA