Forex: GBP/USD eases off highs to 1.5232/34 as Cyprus weighs

FXstreet.com (Barcelona) - The GBP/USD rally has continued unabated Friday, soaring to fresh session highs in recent minutes at 1.5245. As the Cypriot finality lingers, the cross has eased slightly to trade at 1.5232/34 in these moments, up a steadfast +0.43% during American trading.

After news that the Cypriot ruling party said they are confident that the country will achieve a bailout deal within EU framework over the next hours, MNI has reported that the ECB rejected the changes made by the Cypriot Parliament Committee.

After breaking above calculated resistance at 1.5224, Mataf.net analysts calculate the next measures of correction at 1.5271 onto 1.5334. Should the pair ultimately reverse course and break lower, the GBP/USD is slated to meet support at 1.5116, ahead of 1.5055, and finally 1.5008