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Forex pairs in this Article » GBP/USD
FXstreet.com (New York) - The GBP/USD technical pair rebounded nearly 20 pips in recent moments, having regained some of its US gains Monday.

GBP/USD hanging above 1.5200 level

At the time of writing, the GBP/USD has edged higher to the 1.5235 level, up +0.20% in these moments. Given the recent recovery, earlier bout of UK data, and stability above the 1.5200 barrier, the Mataf.net analyst team has identified the next short-term measures of resistance at 1.5268, then 1.5333, and 1.5381. Alternatively, support lies below at 1.5155, then 1.5104, and ultimately 1.5042.

GBP/USD upside move supported by indicators

According to the Technical Analyst Team at ICN.com, “Despite negativity shown on Linear Regression Indicators, we find the GBP/USD stable above 1.5165 and above minor support 1.5200. Prolonged stability above the previous levels is intraday negative, as well as stability above Linear Regression Indicators is a good support to the possibility of an upside move as shown on the previous four-hour interval.”
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