GBPUSD is set to recapture 1.5575 with a breach !

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The GBPUSD maintained a bullish momentum yesterday, topped at 1.5546, bottomed at 1.5422, now a strong  pressure will be built on the 1.5575 levels, however; this development leaves the pair targeting the 1.5575 levels, where a breach is likely, If seen, next resistance is at 1.5615, a breach will target the 1.5675 levels, furthermore will aim the 1.5750 levels.

On the downside, to neutralize the bullish attack, the pair will have to break and hold below the 1.5422 levels on a daily closing basis, If seen, it would delay the bullish move for retesting 1.5300 ahead of 1.5204 levels.

In all, the pair will remain biased strongly to the upside with risk towards the 1.5750 levels and beyond as long as 1.5422 holds on a daily closing basis, below this level will reverse risks to the downside.

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