GBPUSD: Declines On Price Correction

GBPUSD: Declines On Price Correction

GBPUSD: The pair saw a follow through lower on the back of its Tuesday weakness. Support lies at the 1.4200 level where a break will turn attention to the 1.4150 level. Further down, support lies at the 1.4100 level. Below here will set the stage for more weakness towards the 1.4050 level. Conversely, resistance stands at the 1.4250 levels with a turn above here allowing more strength to build up towards the 1.4300 level. Further out, resistance resides at the 1.4350 level followed by the 1.4400 level. On the whole, GBPUSD remains biased to downside on correction



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