11 Jun 2015
GBP/USD trades at daily highs above 1.5520
FXStreet (Orlando) - After trading in consolidation mode around 1.5500 in the American morning, the GBP/USD is finally advancing towards further daily highs above 1.5520.
The GBP/USD is recovering ground after retracing 125 pips from June highs at 1.5555, reached Wednesday, to Thursday lows at 1.5420. After testing the 1.5500 level several times today, the GBP/USD is finally accelerating towards new highs.
Currently, GBP/USD is trading at 1.5524, down 0.04% on the day, having posted a daily high at 1.5532 and low at 1.5422. The FXStreet OB/OS Index is reflecting overbought hourly conditions, while the FXStreet Trend Index is slightly bullish.
GBP/USD levels
If the pair extends gains above 1.5520, the GBP/USD will find resistances at 1.5540, 1.5550 and then 1.5600. The downside, supports are at 1.5500, 1.5480 and 1.5430.
The GBP/USD is recovering ground after retracing 125 pips from June highs at 1.5555, reached Wednesday, to Thursday lows at 1.5420. After testing the 1.5500 level several times today, the GBP/USD is finally accelerating towards new highs.
Currently, GBP/USD is trading at 1.5524, down 0.04% on the day, having posted a daily high at 1.5532 and low at 1.5422. The FXStreet OB/OS Index is reflecting overbought hourly conditions, while the FXStreet Trend Index is slightly bullish.
GBP/USD levels
If the pair extends gains above 1.5520, the GBP/USD will find resistances at 1.5540, 1.5550 and then 1.5600. The downside, supports are at 1.5500, 1.5480 and 1.5430.