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FxWirePro: GBP/NZD remains buoyant, looks to extend gains 
Cable saw sharp upside rejections on Mon & Fri which could indicate short-term downtrend
- GBP/USD has been in a sideways mode, trading between 1.5160 and 1.5840 since May 2015
- Daily price action is well below the cloud and major moving averages, however stochs at oversold should be seen as a caution
- Close above channel base at 1.5160 could trigger the bulls, 1.5280 could be the next target in sight
- GBP/USD is currently trading at 1.5172, with support at 1.5160 (channel base) and resistance at 1.5197 (Daily Tenkan)
- Focus now shifts to US trade balance figures and the speech by FOMC's Williams due later today
Resistance Levels:
R1: 1.5197 (Daily Tenkan)
R2: 1.5200 (Psychological Level)
R3: 1.5245 (Daily High Oct 5)
Support Levels:
S1: 1.5141 (Daily Low Oct 6)
S2: 1.5130 (Daily Lows Oct 2/5)
S3: 1.5107 (Daily Lows Sep 30/Oct 1)
