GBPUSD: Bear Threats Seen
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GBPUSD: With the pair halting its recovery, further decline and its downtrend resumption is now envisaged. Support resides at the 1.5013/00 levels. Further down, support comes in at the 1.4950 level where a break will target the 1.4900 level and then the 1.4850 level. Its daily RSI is bearish and pointing lower supporting this view. On the upside, resistance resides at the 1.5276 level followed by the 1.5329 level. Further out, resistance comes in at the 1.5410/18 area. On the whole, GBP continues to retain its broader downside bias.