GBPUSD from action forex

Intraday bias in GBP/USD remains on the downside for the moment and current decline should extend further towards 1.5296 key cluster support (50% retracement of 1.4230 to 1.6298 at 1.5264). Note that decisive break there will indicate that whole rise from 1.4230 is finished too and will turn outlook bearish for this support. On the upside, above 1.5493 will turn intraday bias neutral and bring recovery. But risk will remain on the downside as long as 1.5909 resistance holds.