British Pound (GBP)

The Pound climbed to a three month high against the dollar after a report showed U.K. services companies returned to growth in January (54.5 vs. 51.2 forecast),in the end of the session the pond declined versus the Dollar after positive data from the US region that supported a stronger Dollar. The GBP/USD has encountered with a serious resistance on the daily chart (level 1.6300), as long as the rate is above 1.6100 the pound is more attractive but if the pair breakdown this level probably it will continue to decline. Overall, GBP/USD traded with a low of 1.6122 and with a high of 1.6278. Today, No economic data expected today.

GBP/USD - Last: 1.6135

Resistance

1.6230

1.6265

Support

1.6080

1.6000

1.5880

width=477