FXstreet.com (Córdoba) - The Pound is recovering further against the Dollar and has risen back above 1.6400. GBP/USD trades at 1.6410/15, 0.10% below today's opening price. The pair is falling for the third consecutive day but has moved away form intra-day lows. Cable fell during the European session to a 1.6312, reaching a fresh one-week low.
Support levels lie at 1.6310 (Dec 7 low) and below here, 1.6270 (Nov 27 spike low) and 1.6125 (Sept 30 high). On the upside, the resistance levels could be located at 1.6470 and above at 1.6515/20 (Dec 7 high/Dec 4 low) and 1.6560.
The ecPulse.com analysis team affirms: The trading range for today is among the key support at 1.6240 and the key resistance at 1.6500. The general trend is to the upside as far as 1.4840 remains intact with targets at 1.7200.