GBPUSD: With GBP taking back some of its past week gains to weaken on Monday, further decline is envisaged. On the downside, support lies at the 1.5600 level where a break will aim at the 1.5550 level. A break of here will turn attention to the 1.5500 level.
Further down, support lies at the 1.5500 level. Resistance resides at the 1.5700 level with a break aiming at the 1.5750 level. A violation will aim at the 1.5800 level and possibly higher towards the 1.5850 level. On the whole, GBP continues to retain its broader downside bias medium term
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