FXstreet.com (Córdoba) - The Pound has moved away form the lows of the day in the last hours against the Dollar. GBP/USD rose to test the 1.6265 zone again but so far failed to break above. Currently trades at 1.6255/60, 0.30% below today's opening price. On the upside, above 1.6270 immediate resistance lies at 1.6315/20 (intra-day high).

The pair has been moving inside a range since the European session with support at 1.6205 and resistance at 1.6265. Cable weakened during the Asian session after being unable to hold above 1.6300.

Against the Yen, the Pound is rising on Tuesday. GBP/JPY rose from 144.50 to 146.00 reaching a one-week high. The pair is moving away from the highs but is still up for the day and trades at 145.60/66, 0.80% above today's opening price.

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