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Forex: GBP/USD finds support at 1.5310; back to 1.5350

FXstreet.com (San Francisco) - After falling around 100 pips from 1.5415 to trade at 2-week lows at 1.5310, the GBP/USD seems to have found support at this level and currently the cable is pricing above the 1.5350 area at 1.5360.

The GBP/USD is 0.57% down on the day. However, the pair is slightly bullish in the 15-minute chart according to the FXstreet.com. Indicators such as CCI and Momentum are pointing to the north while the MACD is neutral and the Stochastic is bearish.

Below the 1.5310, next support is seen at 1.5300 (psychological level) followed by 1.5263 (low Apr 25). On the upside, resistances could now be found at 1.5375 (former support) and 1.5400(psychological level).

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