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Forex: GBP/USD testing resistance near 1.5185

FXstreet.com (Barcelona) - The GBP/USD has been in an uptrend all day Thursday, as the GBP has notched steadfast gains vs. its American counterpart. In these moments the cross is testing the 1.5200 level after briefly piercing it (1.5201 session high) in recent minutes. At this juncture the pair is recording an advance of +0.34% above its opening to test resistance.

Mataf.net analysts point to resistances at 1.5185, ahead of 1.5227, and finally 1.5273. Conversely, a movement lower and a paring of gains will result in the GBP/USD testing calculated supports at 1.5097, ahead of 1.5051, and 1.5009.

According to the ICN.com Technical Analyst Team, “The GBP/USD moved to the upside, but remained limited below 1.5190, as the linear regression indicators are still negative. Therefore, negativity might extend during the rest of today’s session, however the pair has to break 1.5100 levels in order to extend the downside move.”

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