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Forex: GBP/USD rises to test the 1.5340, intra-day high

FXstreet.com (San Francisco) - After rising around 60 pips from the 1.5280 in the American session, the GBP/USD has broken above the 1.5325 level to reach fresh intra-day high at 1.5340. Currently the Cable is trading at 1.5335.

The GBP/USD is rising 0.54% on the day. In a slightly bullish movement according to the FXstreet.com Trend index, indicators such as Momentum, CCI and MACD are pointing bullish while the Stochastic is bearish in the 1-hour chart.

Above the 1.5340, next resistance is at 1.5365 (high Apr.5) followed by 1.5425 (38.2% of Jan-Mar decline) en route to 1.5450 (high Feb.20). On the flip side, a dip below 1.5205 (MA10d) would aim for 1.5200 (low Apr.5) and finally 1.5135 (MA21d).

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