FxWirePro: GBP/USD recovery capped at 1.5440, UK GDP data awaited

GBP/USD closed at its weakest since July 10 on Wednesday on broad based USD strength after upbeat US Q2 GDP figures

• The cable dipped to 1.5369 on the day before recovering back to 1.5440 levels in the Asian session, and is currently trading at 1.5430
• Second estimate of UK Q2 GDP due later in the day together with US personal spending data could lend further direction to the pair
• Immediate resistance is located at 1.5475 (100-DMA) and 1.5550 (50% of June rally)
• Supports on the downside are seen at 1.5424 (Aug 7 low) followed by 1.5367 (200-DMA)