BEETRADERS- For Trader$ by Trader$

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GBP/USD's sharp decline last week indicates that rebound from 1.5361 is already finished at 1.5669. Initial bias is on the downside this week for 1.5361 first. Break will confirm resumption of whole fall from 1.6165 and should target 1.5271 next. On the upside, though, break of 1.5525 minor resistance will dampen this immediate bearish case and turn bias neutral for some more consolidations between 1.52361/5773 before decline resumption.