GBPUSD: Bullish offensive is likely to continue as GBP looks to strengthen further. This if seen will aim at the 1.5304 level where a violation will target the 1.5400 level. Its daily RSI is bullish and pointing higher supporting this view. As long as GBP fails to return above the 1.5267 level, bear threats cannot ruled out. This suggests we could see further weakness towards the 1.4996 level. Further down, support comes in at the 1.4866/12 levels. Below here will resume its broader downside towards a the 1.4750 level. On the whole, GBP continues to retain its immediate corrective tone.
