$GBPUSD

GBPUSD closed sharply higher on Thursday and the high-range close sets the stage for a steady to higher opening when Friday's night session begins trading. 

Stochastics and the RSI are turning neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above the 20-day moving average crossing at 1.6151 would temper the near-term bearish outlook. If March renews the decline off last week's high, November's low
crossing at 1.5828 is the next downside target. 

First resistance is the 20-day moving average crossing at 1.6151. 

Second resistance is last Wednesday's high crossing at 1.6314. 

First support is last Friday's low crossing at 1.5945.
Second support is November's low crossing at 1.5846.