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Forex: GBP/USD jumps to 1.5310, intra-day high

FXstreet.com (San Francisco) - After recovering from intra-day bottom at 1.5215, the Sterling traded in recovery mode against the US Dollar with the pair rising to test the 1.5295 resistance. The GBP/USD was rejected initially but after a brief period of retracement to 1.5265, the pair has suddenly jumped to break above the 1.5300 level and test intra-day high at 1.5310.

The GBP/USD is currently trading at 1.5300, 0.35% above opening price. The pair is slightly bullish according to the FXstreet.com trend index with indicators such as CCI and Momentum pointing higher while the Stochastic and MACD are neutral.

As for technical levels, above the 1.5300, next resistances are at 1.5370 (Apr 17 high) and 1.5383 (Apr 15 high). On the other hand, below 1.5213 (intraday low) next support could be found at 1.5200 (psychological level/Apr 5 low).

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