GBP/USD Mid-Day Outlook

[Forex-Outlook]

GBP/USD's rebound from 1.4475 extends further to as high as 1.5053 so far and further rise could still be seen as long as 1.4832 minor support holds. The stronger than expected rebound and break of 1.4936 resistance dampens our immediate bearish view. Focus is now on whether GBP/USD could maintain momentum to get through 1.5521 key resistance. On the downside, below 1.4832 minor support will flip intraday bias back to the downside for retesting 1.4475 low first.

Read Full Out-Look by Action Forex