GBPUSD (1.4187): The British pound was seen giving up some of the gains made from Monday. Price action remained somewhat weaker ahead of the final revised GDP data due to come out tomorrow. On the 4-hour chart, price slipped below 1.4162 and following a brief retest of this level, GBPUSD was seen easing lower. A continued decline off this level could keep GBPUSD biased to the downside, targeting the 1.40 round number support. To the upside, GBPUSD will need to close with strong gains above 1.4162 to maintain the bullish trend.
