GBPUSD: Bullish On Correction
GBPUSD: With GBP strengthening on Wednesday, further bullishness is likely in the days ahead. On the downside, support lies at the 1.5400 level where a break if seen will aim at the 1.5350 level. A break of here will turn attention to the 1.5300 level. Further down, support lies at the 1.5250 level. Conversely, resistance resides at the 1.5450 level with a break aiming at the 1.5500 level. A violation will aim at the 1.5550 level and possibly higher towards the 1.5600 level. On the whole, GBP continues to retain its corrective recovery threats.
