FXstreet.com (Córdoba) - GBP/USD was able to recover from previous losses and during the American session peaked at 1.5955, posting a fresh intra-day high. Currently it trades at 1.5930/33, near the opening price of Friday. On the upside the next resistance lies at 1.5970 and above at 1.6010. The pair is heading toward the third week in a row with losses.
The ecPulse.com analysis team affirms: As for the pound-dollar pair, it is inclining as well as the royal pound is advancing considerably against the green Federal currency and trading so far around 1.5944 recording a high of 1.5955 and a low of 1.5801 with a resistance at 1.5984 and a support at 1.5837, knowing that the pair shows a tendency to climb further to the upside according to the four-hour chart momentum indicators.