The Pivot Point (PPV) can be support and resistance at the same time; it is the first level that we observe. For this week the pivot points (weekly and monthly) for GBP/USD are: 1.5628 weekly; 1.5613 monthly.
The British pound is located bellow the weekly pivot and the Moving Average of 200 periods (blue).
Therefore, the pivot points indicate the following.
A daily close above the weekly pivot (1.5628) could be a buy signal. On the other hand, a rebound of the weekly support of 1.5506 will give the opportunity to buy again for the objectives of the resistance near 1.5766. But if the pair breaks the weekly support of 1.5506, it could start a fall of the pair towards 1.5368 weekly support (W_S2). That will give us the opportunity to buy the pair at very low prices in the medium term objectives until 1.5968.

____WEEKLY_____
Weekly - R3 = 1.6026
Weekly - R2 = 1.5888
Weekly - R1 = 1.5766
Weekly Pivot = 1.5628
Weekly - S1 = 1.5506
Weekly - S2 = 1.5368
Weekly - S3 = 1.5246

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 _____MONTHLY____
Monthly - R3 = 1.6210
Monthly - R2 = 1.5989
Monthly - R1 = 1.5838
Monthly Pivot = 1.5613
Monthly - S1 = 1.5458
Monthly - S2 = 1.5237
Monthly - S3 = 1.5082