GBP/USD jumps above 1.4825

FXStreet (Tokyo) - The Sterling is accelerating its gains in the latest few minutes against the US Dollar and after jumping 70 pips from 1.4775, the GBP/USD broke above the 50-hour MA at 1.4825 and now it's pricing at daily highs at 1.4845.

Currently, GBP/USD is trading at 1.4840, up 0.16% on the day, having posted a daily high at 1.4845 and low at 1.4755. The FXStreet OB/OS Index is reflecting neutral hourly conditions, while the FXStreet Trend Index is slightly bullish.

GBP/USD levels

If the pair consolidates gains above the 50-hour MA, it will find resistances at 200-hour MA at 1.4850, 14900 and 1.4920. To the downside, supports are at 1.4820, 1.4800 and 1.4780.

Mar 31, 2015

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