GBPUSD: With a two-day rally seeing the pair turning further higher, more upside offensive is likely. This development leaves GBP targeting the 1.5434 level where a breach will resume its short term uptrend.
Further out, resistance stands at the 1.5500 level where a violation will aim at the 1.5550 level.
Its daily RSI is bullish and pointing higher supporting this view. On the downside, support comes in at the 1.5258 level followed by the 1.5101 level.
Further down, support is seen at the 1.4900 level. On the whole, GBP looks to recapture the 1.5434 level.
Guest post by FX Tech Strategy