Forex: GBP/USD falls further and tests the 1.5450 area

FXstreet.com (San Francisco) - After falling around 50 pips from the 1.5500, the GBP/USD has left behind this area with the pair declining to 1.5455, intra-day low. Currently the Cable is trading at 1.5460.

The GBP/USD is currently 0.50% down on the day with the pair trading slightly bearish according to the FXstreet.com trend index in the 15-minute chart. Indicators such as MACD, CCI and Momentum are pointing to the south while the Stochastic is neutral in the 15 minutes timeframe too.

Next supports are at 1.5447 (low May 7), 1.5418 (low Apr.26) and 1.5285. On the upside, resistance levels align at 1.5593 (high May 8) ahead of 1.5599 (high May.6) and then 1.5603 (high May 3).