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GBPUSD: Bullish, On The Tear

GBPUSD: With GBP strengthening strongly further on Wednesday, further bullishness is envisaged. This development leaves the pair targeting further upside towards the 1.5813 level where a break will aim at the 1.5850 level followed by the 1.5900 level. A break will target the 1.5950 level where a violation will aim at the 1.6000 level where we should see price hesitation. Its daily RSI is bullish and pointing higher suggesting further upside. On the downside, immediate support lies at the 1.5650 level where a break if seen will aim at the 1.5600 level. A break of here will turn attention to the 1.5550 level. Further down, support lies at the 1.5500 level. On the whole, GBP continues to retain its upside bias.

GBPUSDproDaily

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