GBP/USD moves higher
The turnaround yesterday at the $1.50 level has seen the pair break higher, pushing on towards the $1.5115 resistance level. A break through here heads towards $1.5160 and then the 50-day SMA at $1.5250. A turn lower would head towards the $1.5040 level, before testing support around $1.50. However, with daily stochastics turning upwards as well, it looks like the buyers are back in charge here.