Search ForexCrunch

GBPUSD: With GBP strengthening on Wednesday, further bullishness is likely in the days ahead. On the downside, support lies at the 1.5400 level where a break if seen will aim at the 1.5350 level.

A break of here will turn attention to the 1.5300 level. Further down, support lies at the 1.5250 level. Conversely, resistance resides at the 1.5450 level with a break aiming at the 1.5500 level.

A violation will aim at the 1.5550 level and possibly higher towards the 1.5600 level. On the whole, GBP continues to retain its corrective recovery threats.

GBPUSD February 19 2015 pound dollar technical analysis

GBP/USD: Trading the British Retail Sales