Forex: GBP/USD finds bid above 1.5700

FXstreet.com (Barcelona) - The sterling is back above the key resistance at 1.5700 on Tuesday, as buying interest pushed the cross from yesterday's lows in the proximities of 1.5675 to the current area around 1.5720

"The breaking lower from the trend line support continues aggressively there seems little in terms of near term support until the 1.5600/1.5300 levels& I think the most interesting about price action at the moment is how it deals with 1.5600 which I think will be tested at some point this week", signals William Moore, Technical Markets Strategist at RBS.

At the moment, the cross is climbing to session highs at 1.5723 or +0.18%.
Next resistance levels line up at 1.5795 (hourly high Jan.28) ahead of 1.5838 (MA10d) and finally 1.5852 (high Jan.24).
On the downside, a break below 1.5678 (low Aug.20) would bring 1.5674 (low Aug.17) and then 1.5657 (Lower Bolliinger).