GBP/USD pair dropped as U.S. dollar recovered against the British Pound advanced following an increase demand for the greenback since the Nonfarm payrolls disappointed data is fading out. Liquidity is expected to be very thin due to public Holidays in USA and Europe.
Our previous analysis remains valid as long as GBP/USD prices are still trading below the lower line of the symmetrical triangle; below $1.5950-level. If the pair closes below $1.5816 on the daily basis, more sellers will jump and the decline will be accelerated and prices could reach $1.5580 area as a potential Triangle target.