GBP/USD- Bullish Pause but Momentum Strong
GBP/USD bullish rally has paused but watch Initial resistance can be found at 1.5529 (18/09/2015 high). The short-term technical structure suggests continued bullish momentum. An initial support lies at 1.5202 (06/06/2014 high).
In the longer term, the technical structure looks like a recovery as long as support given at 1.5089 stands. A full retracement of the 2013-2014 rise is expected.