GBPUSD: The pair backed off lower prices to close higher on Thursday and was seen following through during Friday trading session. Support lies at the 1.3950 level where a break will turn attention to the 1.3900 level. Further down, support lies at the 1.3850 level. Below here will set the stage for more weakness towards the 1.3800 level. Conversely, resistance stands at the 1.4050 levels with a turn above here allowing more strength to build up towards the 1.4100 level. Further out, resistance resides at the 1.4150 level followed by the 1.4200 level. On the whole, GBPUSD looks to correct further higher on price halt.
