GBPUSD - With GBP Holding on to most of recovery gains, it faces the risk of further upside pressure. On the upside, resistance resides at the 1.5300 level with a break aiming at the 1.5350 level. A violation will aim at the 1.5400 level and possibly higher towards the 1.5450 level. Its daily RSI is bullish and pointing higher suggesting further bull pressure. On the downside, support lies at the 1.5150 level where a break will aim at the 1.5100 level. A break of here will turn attention to the 1.5050 level. Further down, support lies at the 1.5050 level. On the whole, GBP continues to retain its broader downside bias medium term but faces an immediate corrective recovery.
