GBP/USD consolidates above 1.5200

FXstreet.com (Córdoba) - Following an over 100-pip rally, the Cable finally found resistance at the 1.5220 zone, where it printed a 9-day high before losing steam and settled just below.

GBP/USD has spent the last hours in a slim range, contained by the 1.5195 area on the downside, and it is currently trading at the 1.5215 zone, recording a 0.6% daily gain.

In terms of technical levels, if GBP/USD breaks above 1.5220, next resistances are seen at 1.5260 (20-day SMA) and 1.5300 (psychological level), while immediate supports could be found at 1.5195 (intraday level) and 1.5170 (20-hour SMA).