GBP/USD consolidates below 1.5600

FXstreet.com (Córdoba) - After spiking to a high of 1.5642, GBP/USD lost momentum and dipped back below the 1.5600 mark.

The GBP/USD setback however, found support at the 20-hour SMA around 1.5565, confining the pair to a phase of consolidation. At time of writing, the pair is trading at the 1.5590 area, still up 0.1% on the day.

As for technical levels, immediate supports are seen at 1.5520 (daily low) and 1.5500 psychological level), while resistances could be faced at 1.5642 (daily high) and 1.5680 (Jun 6 high).