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GBPUSD update - watch for a break above 1.4435

FX:GBPUSD   British Pound / U.S. Dollar
Cable dropped to a low of 1.4379 before recovering back above 1.44 levels. Once again, a break below 1.44 ran into bids. Watch for a continued recovery and a possible break above 1.4435 as that would open doors for a ride to 1.4480-1.45 levels.

On the downside, an hourly closing below 1.4387 is necessary to bring in fresh offers.

European session outlook
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