GBPUSD: Price hesitation Sets In
GBPUSD: GBP may have put a hold on to its recovery higher as price hesitation has set in. Support lies at the 1.6050 level where a break will aim at the 1.6000 levels. A break of here will turn attention to the 1.5950 level. Further down, support lies at the 1.5900 level. Conversely, resistance resides at the 1.6250 level with a break aiming at the 1.6300 level where a violation will aim at the 1.6350 level and possibly higher towards the 1.6400 level. On the whole, GBP continues to retain its downside bias short term
