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GBPUSD: With the pair weakening further on Tuesday, further bearishness is envisaged possibly towards the 1.5290 level. On the downside, immediate support lies at the 1.5300 level where a break if seen will aim at the 1.5250 level.

A break of here will turn attention to the 1.5200 level. Further down, support lies at the 1.5150 level. On the upside, resistance resides at the 1.5450 level with a break aiming at the 1.5500 level. A violation of here will aim at the 1.5550 level and possibly higher towards the 1.5600 level. On the whole, GBP continues to retain its downside bias



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