GBPUSD H1 | Market Outlook

Intraday bias in GBPUSD is mildly on the upside at this point. Rebound from 1.3608 could extend to 1.3912 resistance first. Decisive break there will argue that consolidation pattern from 1.4248 has completed and stronger rally to retest this high. On the downside, however, break of 1.3570 support will target 1.3482 key support level. Sustained break there will carry larger bearish implication and target 1.3163 fibonacci level.