GBPUSD targets 1.5750/1.6154 levels the upcoming weeks !

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With a sustained break above the 1.5303 levels, the GBPUSD is bullish in medium-term outlook, a bottom has been confirmed at the 1.4813 levels.

This development leaves the pair targeting the 1.5750 levels where a breach is likely, If seen, a run toward the 1.5844 will be seen, a further break will aim the 1.6154 levels.

On the downside, support is at 1.5303, sustained break below this level would only delay the bullish move, main support comes at the 1.4813 levels, losing this level on a weekly closing basis will reverse risks to the downside towards the 1.4200 levels.

In All, as long as 1.4813/1.5303 levels hold, the GBPUSD will remain biased to the upside the upcoming weeks toward the 1.5750/1.6154 levels, only a sustained break below the 1.4813 levels will terminate the current bullish view.