FXstreet.com (Córdoba) - Cable failed to break above 1.5970 in the last hour against the Dollar. GBP/USD is moving sideway in a range with support at 1.5920 and resistance at 1.5960. During the American session the pair pulled back from intra-day high at 1.5989 and currently it trades at 1.5937/40, 0.40% above today's opening price. Pound is rising for the first time after four day sessions with losses.
Regarding the Pound/Dollar pair the ecPulse.com analysis team affirms: It is slightly declining and is forecasted to plunge further to the downside according to the four-hour momentum indicators, having the royal pound trading at 1.5951 recording a high of 1.5988 and a low of 1.5822 with a resistance at 1.5975 and a support at 1.5919.