GBPUSD Support Held


The GBPUSD consolidated around the 1.5475 support level and has finally decided to bounce higher.  As long as the pair is above this level we could see a scaled move higher towards the 1.56 level.  Mid term resistance may surface around 1.5550.  If  the cross breaks below 1.5475 a move down towards 1.54 could be in the cards.

Sup    1.5475                   1.54

Res    1.5550                   1.56

PLan:   Above 1.5475 targets 1.56.

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