With stocks rising big both in Europe and US futures, GBP/USD managed to regain the upside and approaches to 1.5200, thus with no strength as seen in 1 and 4 hours charts: indicators lack strong momentum, and even turned slightly south in 4 hours one, after last candle opening. Low of the range comes at 1.5160, so if the pair loses that level, chances of a retest of 1.5110/20 area are likely, followed later by 1.5050 zone.
To the upside, a break above 1.5230 should signal further continuation in the pair towards strong 1.5285 resistance zone.
To the upside, a break above 1.5230 should signal further continuation in the pair towards strong 1.5285 resistance zone.
