FXstreet.com (Barcelona) - The Pound is weakening on early U.S. session, and, after being rejected at 1.6525, Sterling has given away previous gains and returns to test intra-day low at 1.6440 at the time of writing.
According to Valeria Bednarik, collaborator at FXstreet.com, below 1.6440, next level to wattch would be 1.6380/00: Bearish in the hourly, immediate support comes at the 1.6470 zone, followed by stronger 1.6440 also a short term ascendant trend line. Clear confirmations under this last, could accelerate the fall in the pair, with 1.6380/1.6400 as next level to watch.
Support levels according to Bednarik lie at 1.6440 and 1.6380/00. On the upside resistance levels ate 1.6520 and 1.6570.