GBPUSD: With GBP putting a halt to its downside pressure to turn higher during Wednesday trading session, further recovery threats are envisaged. On the upside, resistance resides at the 1.5700 level with a break aiming at the 1.5750 level. A violation will aim at the 1.5800 level and possibly higher towards the 1.5850 level. Its daily RSI is bullish and pointing higher supporting this view. On the downside, support lies at the 1.5550 level where a break if seen will aim at the 1.5500 level. A break of here will turn attention to the 1.5450 level. Further down, support lies at the 1.5400 level. On the whole, GBP looks to retain its upside bias but with caution.
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