British currency recovered from yesterday's minimum at 1.5350 and rose above 1.5400 reaching the session’s maximum at 1.5445.

Technical analysts at Mizuho Corporate Bank note that if sterling closes the week above 9-day MA at 1.5463 it may obtain bullish momentum. It’s likely that British currency will find interim base at 38% Fibonacci retracement helped by large daily Ichimoku Cloud.

The specialists claim that if pound keeps strengthening resistance levels will be at 1.5492, 1.5545 and 1.5600. If the pair GBP/USD declines, support levels will be found at 1.5350, 1.5337/1.5323 and 1.5300.

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