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Forex: GBP/USD threatening 1.5300

FXstreet.com (Barcelona) - The sterling is testing once again the key support at 1.5300 on Monday, as selling interest in the risk-associated assets continues to weight on the cross.

“The EUR and the GBP have both been better sold against the broadly stronger USD and JPY, although pressure has been much less intense than for the commodity currency bloc. For the GBP, a number of UK data developments in the coming days should help determine whether Sterling will continue its gradual rally since mid March”, commented S.Osborne and G.Moore, Strategists at TD Securities.

GBP/USD is now losing 0.21% at 1.5311 with the next support at 1.5294 (low Apr.10) followed by 1.5270 (MA10d) and then 1.5251 (low Apr.9).
On the other hand, a surpass of 1.5341 (low Apr.12) would target 1.5409 (high Apr.12) en route to 1.5412 (high Apr.11).

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