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FXstreet.com (Barcelona) - The GBP/USD has surged higher off the 1.5080 mark during American trading Tuesday, regaining the 1.5100 level en route to 1.5130/31 in these moments. Having erased its losses, the pair now operates in positive territory, +0.12% above its opening.
The ICN.com analyst team points to resistances at 1.5130, onto 1.5190, and finally 1.5225. Conversely, a paring of recent gains and a subsequent move to the downside will result in GBP/USD testing calculated support at 1.5100, ahead of 1.5080, and 1.5030.
“Trading is biased to the upside in light of stability above the key resistance of a downside wave. As such, we hold on to our positive expectations as long as the GBP/USD remains above the 1.4990 level.” notes the ICN.com Analyst Team.
