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Forex: GBP/USD consolidating below 1.5500

The sterling is now struggling to break above the key resistance at 1.5500 ahead of the opening bell in Europe, extending the negative tone that prevailed in the last weeks.

In the data space, the Rightmove House Prices in the UK rose 2.8% on a monthly basis in February, and 1.1% over the last twelve months.

As of writing, the cross is losing 0.04% at 1.5496 facing the immediate support at 1.5462 (low Feb.15) ahead of 1.5458 (low Jul.26) and then 1.5414 (low Jul.13).
On the other hand, a break above 1.5544 (high Feb.14) would expose 1.5550 (high Feb.15) and finally 1.5647 (MA10d).

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