GBPUSD: Rallies, Breaks Through The 1.5304 Level.
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GBPUSD: With continued upside offensive seeing the pair breaking and holding above the 1.5304 level during Monday trading session, further bullishness is expected. In such a case, the 1.5400 level will be targeted with a breach paving the way for more upside towards the 1.5450 level followed by the 1.5500 level. Its daily RSI is bullish and pointing higher suggesting further upside. On the downside, support lies at the 1.5304 level where a reversal of roles as support is expected to occur and turn it higher. But if this fails, further decline could follow towards the 1.5250 level with a turn below here aiming at the 1.5200 level and then 1.5027. On the whole, GBP continues to retain its upside bias.