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GBP/USD - Challenging its Recent Highs

GBP/USD is in full breakout mode confirming persistent buying pressure. Strong resistances can be found at 1.5552 (26/02/2015). Hourly support lies can be located at 1.5420 (intraday low).

In the longer-term, the break of the strong support at 1.4814 opens the way for further medium-term weakness towards the strong support at 1.4231 (20/05/2010 low). Key resistance stands at 1.5552 (26/02/2015 high).

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