Trades near a ceiling area
The GBPUSD had a near-epic day yesterday as it bounced around in a 75 pips trading range up and down and up and down. The floor at the 1.5560-645 area gave way in the Asia-Pacific session on to find support at the July 28 low of 1.5521. That was enough technical perspective, to get buyers back involved. The price extended back above the 1.5560/64 area than what was resistance became support again.