FXstreet.com (Barcelona) - Sterling's retreat from yesterday's high at 1.6635 has found support at 1.6485 low during European session, and the pair has taken back about 100 pips to reach levels right below 1.6600 on early U.S. session.

The Pound's bullish trend remains intact and according to the Kshitij Consultancy Service Team, resistance at 1.6638 could be breached today: Expect this Resistance at 1.6638 to break over today/ tomorrow and the pair to then surge towards 1.6825 over the next few days. It is likely to consolidate after reaching the target of 1.68.

Resistance levels, according to the Kshitij Consultancy Service Team, lie at 1.6569, 1.6613 and 1.6658. On the downside, support levels lie at 1.6499, 1.6465/45 and 1.6352/47.

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