GBP/USD's rebound at 1.5505 is capped at 1.5530

FXStreet (San Francisco) - The attempt of the pound sterling to recover ground against the dollar after a rebound in 1.5505 found ceiling at 1.5530 where the pair found a new selling interest.

Currently, GBP/USD is trading at 1.5519, down 0.22% on the day, having posted a daily high at 1.5588 and low at 1.5507. The hourly FXStreet OB/OS Index is showing oversold conditions, alongside the FXStreet Trend Index which is slightly bearish.

GBP/USD levels

If the pair consolidates lows, it could find next supports at 1.5500 and 1.5480. To the upside, resistances are at 1.5535, 1.5550 and 1.5560.