GBPUSD: With GBP continuing to hesitate following its recent weakness, we think a turn back higher could be building up. This view remains valid while it holds above the 1.5661 level. On the upside, resistance resides at the 1.5800 level with a break aiming at the 1.5900 level. A violation of here will aim at the 1.5950 level and possibly higher towards the 1.6000 level. On the downside, 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 1.5000 level. On the whole, GBP continues to face upside threats despite price hesitation.
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