The British pound is a few pips above the weekly pivot level and is above the 200 day moving average periods (blue). Therefore, the pivot points indicate the following.
Once the price closes below 1.6055, a move towards the nearest support of 1.5965 and even the 200 day moving average periods (1.5870) is likely to be.
Above the weekly pivot the pound can resume its upward movement to the target of 1.63. Therefore, we recommend buying at the end of the session today only if the pair closes above the 1.6055 pivot point.
1.6055 and 1.6100 are weekly and monthly pivot points for this week for GBP/USD.

Signals for October 29 - November 03, 2012

Buy if it closes above 1.6055, take profit at 1.6195 and 1.6285, and stop loss is bellow (W_S1).
Sell if it closes below 1.6055 (W_PV), take profit at 1.5870, and stop loss is bellow 1.5941 (W_S2).

____WEEKLY_____
Weekly - R3 = 1.6425
Weekly - R2 = 1.6285
Weekly - R1 = 1.6195
Weekly Pivot = 1.6055
Weekly - S1 = 1.5965
Weekly - S2 = 1.5825
Weekly - S3 = 1.5735

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 _____MONTHLY____
Monthly - R3 = 1.6858
Monthly - R2 = 1.6583
Monthly - R1 = 1.6375
Monthly Pivot = 1.6100
Monthly - S1 = 1.5892
Monthly - S2 = 1.5617
Monthly - S3 = 1.5409