GBP/USD climbed in the past week from below 1.5200 up to approach the 1.5400 level. With any further rebound momentum, major resistance lies at the 1.5500 level. But at or below that level, a turn back down to 1.5242 should once again begin targeting the 1.5000 psychological support objective.

By Theodoros  Batsoulis
Technical Analyst
Risk Market
www.riskmarket.co.uk