GBPUSD (1.4179): The GBPUSD was seen breaking past the resistance level at 1.4162. Further gains are likely to test the March 28 highs of around 1.4191. There is a risk for GBPUSD to give up the gains in the near term and price action is likely to slip back below the 1.4162 level. The lower support at 1.4093 could stem the declines in the near term. To the upside, price action will need to establish strong support at the 1.4162 level to confirm further upside in price.
