GBPUSD (1.4091): The British pound managed to post strong gains as price action briefly consolidated around the 1.4044 level before pushing higher. As noted in yesterday’s commentary, we expect the upside to see GBPUSD rising toward 1.4115 where resistance is most likely to be established. With the UK’s construction PMI on the tap, a positive beat on the estimates could see the GBPUSD extend the gains as much as 1.4162 where the major resistance level could be tested.
