Psychological Support 1.5000 that corresponds to Fibonacci 78% pushed the GBP/USD pair strongly to the upside above 1.5130 (Fibonacci 61.8%) and 1.5220 ( Fibonacci 50%).
The pair is finding difficulty today to consolidate above 1.5220 (Fibonacci 50%) after it confirmed the double bottom pattern with closure above 1.5130.
Stabilization above 1.5220 will bring more bullish strength to the market opening the way up to 1.5300 then 1.5390.
Failure to consolidate above 1.5220 will bring the maket back to 1.5130 where price action should be watched for a possible BUY entry with full projection target at 1.5260.
