FXstreet.com (Barcelona) - The Pound has failed on its second attempt to break resistance at 1.6635, and the pair has eased to levels below 1.6600, yet within recent range, above support level at 1.6560.

Resistance levels lie at the mentioned 1.6635 (Nov 5 high/session highs) and above here, 1.6695 (Oct 23 high) and 1.6745 (Jun 30/Sept 11 highs). On the downside, initial support lies at 1.6560 session low, and below here, 1.6510 and 1.6465/75 (Nov 5 high/Nov 2 low).

The Pound, nevertheless, remains bullish after having broken 1.6545 resistance yesterday, aiming to 1.6695, according to Stoyan Mihaylov, technical analyst at Deltastock.com: with the recent break above 1.6545 resistance, the overall bias is bullish towards 1.6696, en route to 1.6752. Intraday dynamics is neutral with a risk for one more slide to 1.6558 support before building a reliable base for next leg upwards, towards 1.6752.

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