FXstreet.com (Barcelona) - The Pound has found support at 1.4515 and the pair has rallied about 80 pips to test resistance area between 14580 and 1.4600 level again.
In case of successful move above 1.4600 next resistance level could lie at 1.4665/80 level and above there at 1.4700. On the downside, below 1.4580, next support could be 1.4515 and below there, the area 1.4575/65 intra day low.
According to the Kshitij Consultancy Service Team, GBP/USD will remain bearish while below 1.4665: The Support at 1.4425 mentioned in the morning did not break and instead the Pound bounced up to a high near 1.4607. It has come off a bit from there again. The market may be ranged between 1.4625 and 1.4425 for a while now before the Support at 1.4425 finally breaks. The overall trend remains bearish while the market remains below 1.4655-65.
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