FXstreet.com (Barcelona) - Pound's decline from 1.6650 high on Monday has found support at 1.6500 on European trade, and the Pound reaching levels around 1.6575, which, according to the Kshitij Consultancy Service Team could open the doors to 1.6640 area.

If the Pound breaks above 1.6575, the Kshitij Consultancy Service Team, sees an uptrend to 1.6640, likely: Cable has risen from the day's low of 1.6496. Immediate Resistance is seen at 1.6575, a break above which might see a rise towards 1.6640-60. A strong break above 1.6660 might target 1.6730-50.

On the downside, if 1.6575 holds, the pair could drop to 1.6450, says the Kshitij Consultancy Service : On the other hand if the immediate Resistance at 1.6575 holds, we might see a downmove towards 1.6450-30.