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GBPUSD: Falters Ahead Of Key Resistance

GBPUSD: GBP continues to trade below its key resistance at the 1.5551 level after it pulled back sharply for a rally during early dtrading on Friday. You should key an eye on the 1.5551 resistance zone, as that level may hold. On the downside, support lies at the 1.5400 level where a break if seen will aim at the 1.5350 level. A break of here will turn attention to the 1.5300 level. Further down, support lies at the 1.5250 level. On the upside, resistance resides at the 1.5550 level with a break aiming at the 1.5600 level. A violation of here will aim at the 1.5650 level and possibly higher towards the 1.5700 level. On the whole, GBP continues to retain its upside following its strong rally on Thursday

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