GBP/USD, step by step to recovery!
After the pair touched the bottom in January, at 1.4950/1.5000, pound win 4 of 5 weeks and manage to reach 1.5470, where the pair found resistance twice in the last two weeks. As you can see, that level is previous support level from December 2014. and it’s not easy to brake. Sellers are placed from 1.5470 to 1.5550 and next technical resistance could be daily MA100 as well at 1.5590. It’s a long way for the pound bulls. On the way down, previous support at 1.5315/30 is waiting, 1.5200/20 is next. Interesting levels to watch.