GBP/USD - Monitor The Resistance at 1.5486
GBP/USD made new high yesterday, confirming persistent buying interest. Monitor the test of the resistance at 1.5486. A key resistance stands at 1.5620. Hourly supports can be found at 1.5416 (intraday low) and 1.5317.
In the longer term, the break of the key resistance at 1.5274 (06/01/2015 high) suggests renewed buying interest. Upside potentials are likely given by the resistances at 1.5620 (31/12/2014 high) and 1.5826 (27/11/2014 high). A strong support stands at 1.4814.