GBP/USD has interrupted its recovering

The pound has interrupted its recovering after the higher UK inflation figures during June. According to experts’ opinion, to really get a stronger move up here we need to see a daily close above 1.5195/1.5200 resistance. If we do get above 1.52 then this opens the way towards 1.54/1.55 where the next main resistance lies.

Now the pair trades at 1.5105 with the next resistance at 1.5143 (high Jul.16) followed by 1.5173 (38.2% of 1.5753-1.4814) and then 1.5222 (high Jul.11). On the downside, a violation of 1.5028 (low Jul.15) would clear the way to 1.5018 (50% of 1.4814-1.5222) and then 1.5000 (psychological level).

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