Forex: GBP/USD closes above the 1.5100 mark

FXstreet.com (San Francisco) - After retracing highs from 1.5175 to 1.5075, the Pound has recovery some ground against the Dollar with the pair closing the week above the 1.5100 frontier. The pair has finished the week at 1.5120 and has lost 0.45% on the week.

With 0.25% gains on the day, the pair remains inside a slightly bearish trend according to the FXstreet.com Forex Studies. CCI and Momentum indicators points bearish sentiment in the 1-day chart.

Next supports come at 1.5070, 1.5040 and 1.5000. Resistances are at 1.5140 and 1.5175 and 1.5200.