GBPUSD: Having maintained its bullish offensive, GBP faces the risk of further strength currently underway. On the upside, resistance resides at the 1.5300 level with a break aiming at the 1.5350 level.
A violation will aim at the 1.5400 level and possibly higher towards the 1.5450 level. Its daily RSI is bullish and pointing higher supporting this view.
Conversely, support lies at the 1.5150 level where a break if seen will aim at the 1.5100 level. A break of here will turn attention to the 1.5050 level. Further down, support lies at the 1.5000 level. On the whole, GBP continues to retain its recovery threats.
