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Forex: GBP/USD trades above 1.5185 and focus on 1.5200
FXstreet.com (San Francisco) - The Sterling is currently trading higher against the USD and after rising 30 pips in the last two hours, the GBP/USD has broken the 1.5185 resistance in its way to test the intra-day high at 1.5200. At this moment, the pair is trading at 1.5190.
With 0.40% daily gains, the pair is trading slightly bullish according to the FXstreet.com forex studies. Indicators such as CCI, Momentum and MACD are bullish while the Stochastic is pointing bearish in the 1-hour chart.
Above the 1.5200 level, next resistances are at 1.5210 (March 21th and 26th highs) and 1.5260 (March 24th high). On the other side, supports come at 1.5170, 1.5110 (Intra-day low) and 1.5090 (March 27th low)
