FXstreet.com (Barcelona) - After pulling down to levels around 1.6530, the Pound has picked up strength on better than expected Euro Zone data, and the pair rose to test 1.6600 again.
In case of breaking above 1.6600 intra-day hiigh, next resistance level lies at 1.6620/30 (uptrend line from March low) and 1.6660 (Jun 3 high). On the downside, initial support lies at 1.6555, and below here, 1.6480 (intra-day low) , and 1.6430 (Aug 10 and 11 low).
According to Ian Coleman, collaborator at FXstreet.com, the Pound could break above 1.6600 to reach 1.6745: We are non-trending and coming up for overbought so keep an eye to see if we move higher on the ADX. I would look for a break of the channel at 1.6606 to take us higher.1.6745 is a previous high but I would expect a pause at 1.6670 along the way.