FXstreet.com (Barcelona) - The Pound has continued appreciating during the European session. After having bounced at 1.4515 low yesterday, GBP/USD has broken above 24 April high at 1.4770 to reach a fresh intra-week high at 1.4795.
Resistance levels above here lie at 1.4810 (Apr 20 / last week high) and 1.4840/50, above here, 1.4910. On the downside, below 1.4770, support levels stand at 1.4600 and below here, 1.4515 (Apr 28 and 27 low) and 1.4440.
According to the Swiss e Trade Strategy Team, the Pound might fall to 1.4650 rather then breaking above 1.4800: Cable is riding another attack today to the 1.4800 resistance line, the fifth of the last 8 days. Currently trading at 1.4760, we see that attack failing again, letting the market drop back to 1.4650.
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