GBP/USD Analysis 01.05.2015

Friday, 01/05/2015 | 08:05 GMT-0

Disclaimer

GBP/USD currently trades at 1.5342 . The pair managed to sustain above the same on closing basis in the previous session. Thus, fresh bids could be seen in case the pair sustains above 1.5342 in the early European session, opening doors for a re-test of 1.54. In case, it breaks below 1.5342, the 1.53 level is likely to act as strong support. A daily close below 1.53 could shift risk in favor of a further downside to 1.5227-1.5155.

Disclaimer

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