GBPUSD chart 2 August: resistances and levels

Cable still bulls crushed all shorts that tried to catch top. Now we are again facing another resistance 1.5820 reported as an old monthly resistance. Also higher we face 61.8 fib at 1.5970 level, this would be strong to give some retracement. Also today move pushed against the upside channel. Yesterday gap was a perfect setup once filled (seem missing some pips still there in 5 min chart) the uptrend resumed to for another 100 pips run. Cable and eurusd had same gap filling pattern last weeks.

Your comments too are welcome and you can always reach me on twitter @fx_13.

(Please click on the forex chart thumbnail to enlarge)

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