1.5500 wasn't up to much in the end, as it wasn't on the way up but we've found support around the 1.5470 area
As you can see from the 15 minute chart 1.5480 was the overnight resistance I was looking for support on, and it was for a while. The dollar waking up has been the main driver of the pair which has pushed it further down to 1.5467
GBP/USD 15 minute chart
At the moment the 1.5480 level is becoming pivotal but the biggest take from these moves is that this break up has lacked conviction, and that as soon as the dollar makes a move the pressure comes on, something I noted in my first post
It's tough for longs who would have been hoping that this was the start of a bigger move, and it still may be, but at the moment it looks like we'll have to see what the buck does throughout the rest of the day