GBP/USD rises further to test the 1.5450

FXstreet.com (San Francisco) - After a brief period of consolidation around the 1.5400 area, the GBP/USD is resuming its uptrend and currently the pair is testing the 1.5450 level as intra-day high.

Currently, the GBP/USD is trading at 1.5448, 0.46% positive on the day. Short term perspective remains slightly bullish in the 15-minute chart according to the FXstreet.com trend index. Indicators such as Indicators such as MACD, CCI and Momentum are pointing to the north while the Stochastic is bearish.

GBP/USD resumes upside momentum

With the Cable trading above the opening gap at 1.5435, the next resistances lie at 1.5455, 1.5490 and 1.5500. On the downside, supports are at 1.5390, 1.5350 and 1.5280.

EUR/USD recovers along with stocks

The EUR/USD finally picked up momentum and pushed to fresh daily highs following a phase of consolidation around the 1.3100 mark.
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