16 Feb 2015
GBP/USD finds support at 1.5335, back to 1.5360
FXStreet (San Francisco) - After falling around 50 pips from 1.5390, GBP/USD found support at 1.5335 where the pair experienced a buying interest that sent it back above 1.5350. Support is still on play as the Cable is testing 1.5370.
Currently, GBP/USD is trading at 1.5362, down 0.26% on the day, having posted a daily high at 1.5443 and low at 1.5339. The FXStreet OB/OS Index is reflecting neutral hourly conditions, while the FXStreet Trend Index is slightly bearish.
GBP/USD levels
If the pair consolidates levels above 1.5350, it will find next resistances at 1.5360, 1.5390 and 1.5400. To the downside, supports are at 1.5335, 1.5300 and 1.5280.
Currently, GBP/USD is trading at 1.5362, down 0.26% on the day, having posted a daily high at 1.5443 and low at 1.5339. The FXStreet OB/OS Index is reflecting neutral hourly conditions, while the FXStreet Trend Index is slightly bearish.
GBP/USD levels
If the pair consolidates levels above 1.5350, it will find next resistances at 1.5360, 1.5390 and 1.5400. To the downside, supports are at 1.5335, 1.5300 and 1.5280.