GBP/USD Continues To Face Further Recovery Threats

GBP/USD looks to strengthen further as it holds onto its upside pressure. Support stands at 1.2400 area with a break below that level turning focus to the 1.2350 level. Further down, support lies at the 1.2300 level where a violation will turn focus to the 1.2250 level. Below here will open the door towards the 1.2200 level.

On the upside, resistance is located at the 1.2500 with a break above there allowing for morel strength to build up towards the 1.2550 level. Further out, resistance stands at the 1.2600 level followed by the 1.2650 level. On the whole, GBP/USD faces further upside threats.

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