FXstreet.com (Barcelona) - The Sterling has continued falling against the Dollar during the American session with the pair declining around 80 pips from 1.6015 to break down MA55 hourly chart at 1.5980 and fall toward today's lows close to 1.5925. Currently the pair is trading 0.45% below today's opening price action at 1.6005 to the current 1.5925/35.
Valeria Bednarik, FXstreet.com collaborator, comments: Back under pressure, Gbp seems unable to hold the 1.600 after retreating from the key 1.6110 area and despite hourly indicators are far from definitions, pair holds the bearish tone across the board. Key level to the downside is 1.5920 as break under that level will trigger more selling in the pair. Only above 1.6060, not seen at this point, could deny further falls.
Bednarik provide us with her levels: Support levels: 1.5985 1.5920 1.5870. Resistance levels: 1.6020 1.6060 1.6110.