FXStreet (Córdoba) - GBP/USD extended gains to above 1.5100 as the dollar selloff against European currencies intensified with EUR/USD also breaking above the 1.0900 psychological level. As for Cable, the pair continues to move off its 7-month low sub-1.49 scored yesterday, having recovered more than 200 pips so far to post a 2-day high of 1.5121, roughly at the same level it peaked on Tuesday. Having retreated slightly, GBP/USD is currently trading at 1.5087, 0.92% above its opening price. Fed Chair Janet Yellen reiterated Thursday that delaying the lift-off could lead to abrupt tightening later, but the dollar failed to gain traction as investors have taken the December rate raise as a done deal. GBP/USD levels to watch In terms of technical levels, next resistances are seen at 1.5125 (Dec 1 high), 1.5195 (Nov 23 high) and 1.5240 (50-day SMA). On the downside, immediate supports could be found at 1.4893 (7-month low Dec 2), 1.4855 (Apr 21 low) and 1.4810 (Apr 16 low). For more information, read our latest forex news.