GBPUSD Targets Further Bullish Corrective Recovery
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GBPUSD: Having triggered a higher close on Monday, GBPUSD targets further bullish corrective recovery in the days ahead. Support lies at the 1.5000 level where a break will turn attention to the 1.4950 level. Further down, support lies at the 1.4900 level. Below here will set the stage for more weakness towards the 1.4850 level. Conversely, resistance stands at the 1.5100 levels with a turn above here allowing more strength to build up towards the 1.5150 level. Further out, resistance resides at the 1.5200 level followed by the 1.5250 level. Its daily RSI is bullish and pointing higher suggesting further strength. On the whole, risk remains higher as GBPUSD targets further bullish corrective recovery.