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GBP/USD tests resistance at 1.5125/30

FXstreet.com (Córdoba) - Following a nearly 120-pip rally, the advance of the pound against a broad weaker greenback was halted by the 200-hour SMA at the beginning of the NY session.

GBP/USD printed a high of 1.5125 in recent dealings and it is currently trading barely below that level, where it records a 0.5% daily gain, having been as low as 1.5007 during the Asian session.

In terms of technical levels, if the Cable manages to break above the 1.5125/30 zone, next resistances are seen at 1.5155 (May 27 high) and 1.5175 (May 22 high), while on the other hand, next supports could be faced at 1.5007 (daily low) and 1.4920.

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