FXstreet.com (CÃ³rdoba) - Cable is extending gains during the American session. GBP/USD broke above 1.6500 and rose to 1.6559 posting a fresh intra-day high. Current price at 1.6545/49 is 0.40% above today's opening price. The next resistance lies at 1.6590. Support levels remain at 1.6500 and below there 1.6430 (August 10 and 11 lows) and intra-day low at 1.6385. The was rejected earlier from 1.6390 and jumped to 1.6560, rising more than 200 pips in a few hours.
Pound is moving in a range against the Euro. EUR/GBP trades between 0.8560 and 0.8615 since Monday. A break above this level could send the pair to test 0.8700. Supports below 0.8560 lies at 0.8540 and 0.8480.