• Markets cheered sharp rebound seen in the oil prices and stronger European indices boosting the GBP bulls 
  
  
• GBP/USD edged higher from 1.5750 region to hit session highs at 1.5799, just shy of the 1.58 barrier
  
  
• Cable is currently trading at 1.5791, breaking resistance at 1.5778 (June 30 High), 1.5800 offers strong resistance
  
  
• On the flip side, support is seen at 1.5750 (23.6% of June rally), below which the pair  could extend losses to 1.5604 (Aug 20 Low) levels
  
  
• Markets await series of U.S. data - consumer confidence index, New Home sales and Markit's PMI, for further direction in the pair