GBP/USD Mid-Day Outlook

GBP/USD Mid-Day Outlook

GBP/USD's recovery was limited at 1.6184 and the subsequent sharp fall suggests that correction from 1.6276 is still in progress. Intraday bias is back to the downside for 1.5962 and below. Though, near term outlook remains bullish as long as 1.5750 support holds and recent rise from 1.5343 is expected<img src="http://feeds.feedburner.com/~r/ActionInsightallTechnical/~4/ZtGKvFGQApE" height="1" width="1"/>

Source: GBP/USD Mid-Day Outlook