GBPUSD (1.3530): The British pound remained trading near the 1.3530 level with price action seen briefly slipping below this level only to recover back modestly. The consolidation at this level is expected to continue and it also indicates a potential rebound in price action in the near term. The British pound could be seen most likely to post a correction with the breached trend line likely to turn as resistance. To the downside, the round number support at 1.3500 remains the next target.
