FXstreet.com (Barcelona) - The Pound has broken resistance at 1.5080 and has confirmed above 1.5100 ahead of the U.S. session opening, right below intra-day high at 1.5130.
At this point, next resistance level lies at 1.5190 and above there, 1.5370 and 1.5725 (Dec 17 high). On the downside, support levels stand at 1.5065 (Apr 16 high) and below there 1.5015 and 1.4950.
According to the Kshitij Consultancy Service Team, the Pound could reach 1.53 beore turning down to lower levels: Cable has risen above the Resistance at 1.51 and is next likely to target 1.53 before it moves towards the lower end of the channel.
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