The Pound gained versus the Dollar and 12 more majors after U.K house prices climbed in April for the 9th straight month, showing the recovery is gaining strength. Overall, GBP/USD traded with a low of 1.5386 and a high of 1.5498. As long as GBP/USD keeps trading above the 50 day moving average the momentum is bullish. Today, CBI Realized Sales is expected stronger with 16 versus 13 prior. BBA Mortgage Approvals are expected stronger with 39.3K versus 35.3K prior.

GBP/USD - Last: 1.5435

Resistance

1.5485

1.5500

Support

1.5425

1.5335

1.5295

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