British Pound

Prices have been drifting sideways the past few days since the recent high on 5/1 with heavy selling today.  We are very close to a possible support zone between 1.5370 and 1.5410.  There is a heavy confluence of fib support along with a recent swing high, the 20 and 50 DMA, the monthly pivot, and an upward sloping trendline.  It will be interesting to see if this area holds and bounces higher or if we get a bigger downward move.