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Forex: GBP/USD falls to 1.5250

FXstreet.com (San Francisco) - The Sterling is currently trading lower against the US dollar with the GBP/USD declining around 30 pips in the last two hours from 1.5280 to test the 1.5250 area. At this moment, the Cable is pricing at 1.5255.

The GBP/USD is trading 0.10% positive on the day but according to the FXstreet.com trend index the pair is slightly bearish. Indicators such as CCI and Momentum are pointing south while the MACD and the Stochastic are neutral in the 15-minutes chart.

Below the 1.5250, next supports are at 1.5225 and 1.5200. On the upside, resistances are at 1.5285, 1.5300 and 1.5365.

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