Forex: GBP/USD holds above 1.5550

FXstreet.com (San Francisco) - The Sterling is holding above the 1.5550 level against the Dollar after falling around 80 pips from intra-day highs at the 1.5630 zone and founding support at 1.5445 and setting back above 1.5550.

Currently the pair is pricing at 1.5564, 0.50% below opening price action. On the upside, resistances are seen at the 1.5590/1.5600 zone, 1.5620 and 1.5640. On the downside, Monday's lows at the 1.5535/40 zone should offer immediate support to the cross, followed by 1.5490 and 1.5450.