FXstreet.com (Córdoba) - Cable rose early in the day to 1.6390 but failed to hold and weakened after the opening bell at Wall Street. GBP/USD fell further to 1.6285 (session low) erasing previous gains. Currently it trades at 1.6302/06, at the same level it had at the begging of the day. The next support lies at 1.6250 (intra-day low).
The ecPulse.com analysis team affirms: As for the pound-dollar pair, it is narrow trading and forecasted to plunge according to the one-hour momentum indicators, having the royal pound trading so far around 1.6327 recording a high of 1.6394 and a low of 1.6248