British Pound (GBP)

The Pound closed almost unchanged versus the Dollar and was captured again around the 1.6000 area, which is the major resistance level for the pair according to the daily chart. Holding below the resistance level of 1.6040 turns the momentum to negative for the GBP/USD pair. Overall, GBP/USD traded with a low of 1.5921 and with a high of 1.6013. Today, the GDP (QoQ) is expected at 0.50% vs. 0.70% prior, and BoE Gov King Speaks.

GBP/USD - Last: 1.5930

Resistance

1.6055

Support

1.5900

1.5885

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