GBPUSD: With the pair strengthening on corrective recovery during Tuesday trading session, further bull pressure is expected. On the downside, support lies at the 1.2220 level where a break will turn attention to the 1.2150 level. Further down, support lies at the 1.2100 level. Below here will set the stage for more weakness towards the 1.2050 level. Conversely, resistance stands at the 1.2300 levels with a turn above here allowing more strength to build up towards the 1.2350 level. Further out, resistance resides at the 1.2400 level followed by the 1.2450 level. On the whole, GBPUSD threatens further upside pressure on correction.
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