Forex: GBP/USD uptrend capped at 1.5845, back to 1.5800

FXstreet.com (San Francisco) - After breaking the 1.5800 level, the Cable was trying to extend gains above November low at 1.5829, but pair failed at 1.5845 where the GBP/USD was rejected and launched to prices around the 1.5800.

Currently the pair is trading at 1.5810, 0.60% positive on the day. "A push above 1.58 will neutralize recent bearish price structure," points FXstreet.com Analysts Ani Salama and Mauricio Carrillo. "Otherwise a return back below 1.5625 keeps the 1.55 handle in sight."

Support levels: 1.5765 1.5700 1.5625. Resistance levels 1.5800 1.5845 1.5875.

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