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GBP/USD Eyes More Strength On Further Recovery

GBP/USD Eyes More Strength On Further Recovery

GBP/USD: Although having followed through higher on Monday, further bullishness is likely. On the downside, support lies at the 1.4250 level where a break will turn attention to the 1.4200 level. Further down, support lies at the 1.4150 level. Below here will set the stage for more weakness towards the 1.4100 level. Conversely, resistance stands at the 1.4350 levels with a turn above here allowing more strength to build up towards the 1.4400 level. Further out, resistance resides at the 1.4450 level followed by the 1.4500 level. On the whole, GBP/USD remains biased to the upside on corrective recovery.

GBP/USD Daily Chart

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