GBP/USD update - More gains if hourly closing abv 1.4636

Pair jumped to a high of 1.4665 following the release of a better-than-expected UK retail sales report. The spot now trades around 1.4652.

Bulls are in control, although further gains need an hourly closing above 1.4636 (38.2% of 1.5930-1.3835), in which case 1.47 levels could be put to test.

Meanwhile, strong support is seen at 1.46 and 1.4562 levels.