GBP/USD Chart Day 6/27/20127:45AM EDT Looking at the 1H GBP/USD chart for the short-term technical picture, we see a market that has been rallying this week from the 1.5544 level capped at the 1.5655 level, which was support on June 20. Also at the 1.5650 area is the 200-hour simple moving average. The GBP/USD is also testing June’s broken trendline support as resistance. On the other side, the market has supported by a rising trendline going back to June 25. As we start the June 27 US trading
