GBP/USD Mid-Day Outlook

With 1.6431 support intact, we'd still expect recent rally to resume sooner or later. Break of 1.6744 will target 100% projection of 1.5343 to 1.6400 from 1.5935 at 1.6992, which is close to 1.7 psychological level and 1.7043 key resistance. However break of 1.6431 will dampen this view and bring