GBPUSD (1.3558): The GBPUSD was seen attempting to recover from the previous declines below 1.3530 level. Although price action is seen retesting this level we expect to see further consolidation taking place near. The sideways price action has formed a short term range of 1.3610 – 1.3453 level. A breakout from this range will suggest the near term direction in prices. The bias is to the upside for a retest of 1.3900 level in the near term. To the downside, with prices briefly falling below the 1.3500 level, the support level in this region is likely to hold
