FXstreet.com (Córdoba) - Greenback rose slightly across the board in the last hour. GBP/USD fell from 1.5920 to 1.5845. The pair tested twice the support but failed to break below. Currently the pair is trading at 1.5860/65, 0.65% below today's opening price. Cable recovered part of early losses during the European session and after the opening bell at Wall Street. Earlier in the day, GBP/USD plunged to a 4-month low to 1.5768.
The ecPulse.com analysis team affirms: As for the pound-dollar pair, it is consolidated as well as the euro-dollar pair with the royal pound so far trading at 1.5865 recording a high of 1.5976 and a low of 1.5768 along with a resistance at 1.5924 and a support at 1.5807, still the pair could plunge according to one-hour momentum indicators to reach the support level at 1.5722.