Forex: GBP/USD testing resistance at 1.5389/93

FXstreet.com (Barcelona) - The GBP/USD surged higher Thursday, en route to fresh session highs at the 1.5389/93 level during European trading. Having already ruptured resistance, the cross is now recording a steadfast advance of +0.38% above its opening.

According to the ICN.com technical analyst team, “The GBP’s attempts to the downside remained limited yesterday, yet we find it today trading slightly above Linear Regression Indicator 55 though failed to stable below it yesterday.”

After breaking above resistance at 1.5370, Mataf.net analysts identify the next corrective measure of resistance at 1.5397. Regarding a paring of gains, supports for the GBP/USD will trigger should the pair reach 1.5297, onto 1.5270,