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Forex: GBP/USD clings to gains around 1.5350

FXstreet.com (Córdoba) - After climbing nearly 100 pips toward a 2-day high of 1.5365 supported by better risk sentiment, GBP/USD lost momentum and pulled back. However, with the dip being contained by the 1.5330 area, the cross was confined to a consolidation phase ahead of the NY opening.

At time of writing, GBP/USD is trading around 1.5350, where it posts a 0.4% gain on Friday. With no data in the calendar, consolidation would probably persist while main focus would remain on the G20 meeting.

As for technical levels, the Mataf.net analyst team locates next resistances at 1.5370, 1.5385 and 1.5410, while they see supports at 1.5335, 1.5275 and 1.5220.

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