FXstreet.com (Córdoba) - Cable has been able to hold above 1.5900 in the last hours. GBP/USD peaked at 1.5970, posting a fresh intra-day high. From there the pair rebounded and found support at 1.5930. Currently the pair trades at 1.5939/44 which is 0.18% above today's opening price. The next resistance lies at 1.6000 and above at 1.6050.

On a wider point of view, GBP/USD continues to moved sideways, inside a big range between 1.5770 and 1.6115.

The Sterling is rising sharply against European currencies and to the Yen was able to recover from losses. GBP/JPY is consolidating above 141.00. The pair fell sharply during the European session to 139.67, posting a one-week low. But Cable got stronger and jumped to 142.00.