FXstreet.com (Córdoba) - Cable recovered from losses against the Dollar that occurred following the NFP report. GBP/USD tumbled to 1.6515 (intra-day low) but rebounded sharply and rose back above 1.6600 to 1.6615 after the opening bell at Wall Street. But the Pound was unable to hold on top of 1.6600 and currently trades at 1.6575/80, at the same prices it had at the beginning of the day.
Valeria Bednarik, Fxstreet.com collaborator, affirms: Consolidating under 1.6600, pair remains printing higher highs, yet no clear signs come form hourly indicators. Bigger time frames one also remain flat, yet with a slightly bullish perspective for next hours. Pair needs to move above the 1.6640 area, to extend the upside close to 1.6690. On the contrary, if loses 1.6520 support, downside likely to accelerate.