GBPUSD: Although vulnerable to the downside, the pair faces price hesitation with upside bias. It was seen heading higher during early trading today. On the downside, support lies at the 1.4150 level where a break will turn attention to the 1.4100 level. Further down, support lies at the 1.4050 level. Below here will set the stage for more weakness towards the 1.4000 level. Conversely, resistance stands at the 1.4250 levels with a turn above here allowing more strength to build up towards the 1.4300 level. Further out, resistance resides at the 1.4350 level followed by the 1.4400 level. On the whole, GBPUSD remains biased to the downside medium term but with caution.
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