The Pound rose against the Dollar and all majors after the Prelim GDP came out bigger than expected at 1.1% vs. 0.6% alongside encouraging sentiment from the EU region giving tailwind. The trend for the GBP/USD remains bullish, with the next resistance ahead at 1.55 levels. Breaking those levels up will be the trend's real test this week. Until technical signs of reversal downwards appear, the momentum is positive, as it has been for weeks. Overall, GBP/USD traded with a low of 1.5250 and with a high of 1.5447.

 GBP/USD - Last: 1.5458

Resistance

1.5472

 
 

Support

1.5348

1.5296

1.5157

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