GBPUSD: Our upside target on further bullish offensive stands at the 1.6177 level. A break of here will reduce its broader bear threats. This if seen will pave the way for a run at the 1.6215 level. A push through here could see the pair target higher prices towards the 1.6350 level. Further out, resistance lies at the 1.6400 level. On the downside, support les at the 1.5976 level and the 1.5911 level. Further down, support comes in at the 1.5774/78 level with a break of here turning attention to the 1.5457 level. On the whole, GBP has halted its downside pressure but remains vulnerable.
