FXstreet.com (San Francisco) - GBP/USD spent the Asian session consolidating in a narrow margin between 1.5648 and 1.5675, operating around the 38.2% retracement of the 1.5231/1.5926 rally, last quoted near its starting price at 1.5670.

Little price action was seen during this data-less session, but, in the session ahead, risk event for the pound includes January Mortgage Approval numbers out of the UK, released by the British Banker's Association.

If volatility picks up in the global day ahead, the FXstreet.com Independent Analysis Team recognizes support levels at 1.5640, 1.5600 and 1.5550, while, to the upside, resistance levels lie at 1.5700, 1.5730 and 1.5770.