FXstreet.com (Córdoba) - Cable is unable to recover against the Dollar. GBP/USD has been moving in a range in the last hours. The pair remains near intra-day low that lies at 1.5922, currently it trades at 1.5939/43 which is 0.40% below today's opening price. In case it falls below 1.5920, the pair could fall further. The next support lies at 1.5870. On the upside, Cable could face resistance at 1.5970.
The ecPulse.com analysis team affirms: As for the pound-dollar pair, it is plunging as well as the euro-dollar pair and shows a tendency of declining further according to the one-hour momentum indicators, having the royal pound trading so far around 1.5948 recording a high of 1.6023 and a low of 1.5922 with a resistance at 1.6028 and a strong support at 1.5862.