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4 Feb 2015
GBP/USD bounces hard at 1.5205 and tests back highs
FXStreet (San Francisco) - After a brief period of consolidation from 1.5250 to 1.5205, the GBP/USD found strong buying interest at this level that sent it back to test highs of 1.5250, maximum since January 15.
Currently, GBP/USD is trading at 1.5248, up 0.53% on the day, having posted a daily high at 1.5254 and low at 1.5139. The FXStreet OB/OS Index is reflecting neutral hourly conditions, while the FXStreet Trend Index is slightly bullish.
GBP/USD levels
The pair keeps its mojo and it's pushing higher this week, extending the bounce off the psychological 1.5000 level on Monday, all against the backdrop of a better sentiment towards the risk appetite.
If the GBP/USD extends gains beyond 1.5250, it will find ext resistances at 1.5260, 1.5280 and 1.5320. To the downside, supports are at 1.5210, 1.5180 and 1.5160.
Currently, GBP/USD is trading at 1.5248, up 0.53% on the day, having posted a daily high at 1.5254 and low at 1.5139. The FXStreet OB/OS Index is reflecting neutral hourly conditions, while the FXStreet Trend Index is slightly bullish.
GBP/USD levels
The pair keeps its mojo and it's pushing higher this week, extending the bounce off the psychological 1.5000 level on Monday, all against the backdrop of a better sentiment towards the risk appetite.
If the GBP/USD extends gains beyond 1.5250, it will find ext resistances at 1.5260, 1.5280 and 1.5320. To the downside, supports are at 1.5210, 1.5180 and 1.5160.