FXstreet.com (Barcelona) - Pound's retreat from intra-day high at 1.6600 has found support at 1.6450 so far, and the pair remains moving between the mentioned level and 1.6485 on the upside.

The Kshitij Consultancy Service Team points out to the 55 sma at 1.6345 as key resistance area for potential recovery: Immediate Support is seen at the 55-DMA (1.6439). If this 55-DMA Support holds and and the pair gains upside momentum, we might see a rise once again towards 1.6580-6600 in the US session.

On the downside, the Kshitij Consultancy Service Team observes declines as deep as to 1.6300: A break below the 55-DMA Support and further strong downmove below 1.6400 might pull it down towards 1.6330-00.

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