GBP/USD Races to Prior Day Resistance

 

 

The GBPUSD has moved up sharply over the last few hours after falling earlier on concerns about the debt situation in the UK.  The price is up testing the lows prior to the fall yesterday That level comes in at the 1.5151 level. The price has stalled at the level it seems. Support comes in at the 1.5110 level which was the initial highs on the spike higher today. The 1.5085 is addtional support.  A move above the 1.5151 level would look toward the close from Friday at 1.5183.  Above that the 1.5206 high price for the week.

 

 

A sharp fall in the EURGBP has helped contribute to the GBPUSD strength this morning as well.