FXstreet.com (Córdoba) - Cable has been moving sideways since the beginning of the American session. GBP/USD is moving inside a big range with support at 1.6215 and resistance at 1.6275. Currently it trades at 1.6245/50, 1.50% above today's opening price. The pair is posting the biggest daily increase in more than a month.
The ecPulse.com analysis team affirms: The sterling-dollar pair showed an incline on the daily and 4-hour chart. The pair is doing an upside correction in a day that lacks fundamentals from the U.K. So far, the pound is trading at 1.6245, setting a high of 1.6297 and a low of 1.5969; while the coming support for the pair is seen at 1.6195 and the resistance is spotted at 1.6260.