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Forex: GBP/USD recovers and tests 1.5200

The Sterling is recovering ground from 1.5150 level against the US Dollar and currently the GBP/USD is trading at 1.5190 in its way to test 1.5200 level again. The pair has attempted to break this numbers several times today's session, but always has been rejected.

With a strongly bullish trend, according to the Fxstreet.com Forex Studies, the GBP/USD is rising 0.23% on the day. Technically, MACD, CCI and Momentum are bullish in the 15-minute and 1-hour charts. However, the same indicators are bearish in the 1-day timeframe.

“The GBP/USD currency pair is trying to start the third ascending impulse”, wrote Roboforex.com analyst Igor Sayadov. “I think today the price may finish this impulse near the level of 1.5230 and then return to the level of 1.5130”, he added.

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