FXstreet.com (Barcelona) - The GBP/USD has been benefiting from the risk-on sentiment today after 2-week bearish avalanche. European morning rally pushed the pair to 1.5594 daily high, close to 1.5600 psychological level.

After a sideways trading period, the pair started a decline following above expectations US New Home Sales, 1.3% growth against 0.0%. At the moment of writing, the GBP/USD is quoting at 1.5532.

Mataf.net analysts suggest resistances at 1.5695, followed by 1.5650 and 1.5600. On the downside, supports at 1.5430, 1.5510 and 1.5555.