GBPUSD: Bullish With Eyes On The 1.6483 Level

GBPUSD: With continued upside risk seen, GBP looks to eventually retake the 1.6483 level, representing its Dec 2013 high. As long as it trades and holds above the 1.6259 level, its broader bias remains higher in the medium term. Resistance resides at the 1.6483 level with a breach of here turning attention to the 1.6550 level. Further out, resistance resides at the 1.6600 level with a turn above here paving the way for a run at the 1.6650 level. Its daily RSI is bullish and pointing higher supporting this view. Conversely, support lies at the 1.6249 level where a breach will aim at the 1.6200 level. Further down, support resides at the 1.6058 level where a breach will push it further lower towards the 1.5950 level followed by the 1.5853 level. A cut through here will aim at the 1.5800 level. On the whole, GBP continues to retain its medium term upside bias.