Forex: GBP/USD dips below 1.5300

FXstreet.com (Córdoba) - The British pound weakened slightly on Monday and backed away from its Friday's peak of 1.5362 versus the greenback. Having lost over 60 pips from highs, GBP/USD is currently trading around 1.5290, down 0.3% on the day, having set a low of 1.5282 in recent dealings.

From a technical view, Valeria Bednarik, chief analyst at FXstreet.com notes that the GBP/USD holds the positive tone in 4-hour chart and retracements up to 1.5220 shouldn't affect the bias. The analyst sees immediate supports at 1.5290, 1.5260 and 1.5220, while she locates resistances at 1.5355, 1.5390 and 1.5430.

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