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GBP/USD consolidates above 1.5100

FXstreet.com (Córdoba) - After failing to overcome the 1.5140 resistance area and with the subsequent pullback being contained by the 1.5110 zone, the Cable entered in a consolidation phase as markets head into the US holiday weekend.

GBP/USD retreated from a high of 1.5141 scored at the beginning of the NY session and it is currently trading at the 1.5125/30 zone, where it holds onto a 0.2% daily gain.

In terms of technical levels, the Talking-Forex.com team locates next support at the 21DMA line at 1.5005, 1.4915 and then at 1.4892. "On the other hand, resistance levels are seen at the 10DMA line at 1.5185, the 55DMA line at 1.5258 and then at 1.5281", they commented.

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