Forex: GBP/USD tests 1.5100 for support

FXstreet.com (Barcelona) - Following the early plunge to 1.5074, the GBP/USD spent the trading day moving above 1.5100 but mostly limited below 1.5150. With the NY session ahead, the pair fell back to test the 1.5100 mark, where it held.

US Chicago Fed national activity index is already out, down from 0.25 (revised from 0.02) to -0.32 in January, and investors will now eye US Dallas Fed manufacturing business index.

“The bias here remains negative, for one more slide towards 1.5000 sentiment area before more significant rebound to 1.5400 resistance zone”, wrote Deltastock.com analyst Stoyan Mihaylov, pointing to intraday resistance at 1.5160, followed by the crucial area at 1.5237.

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