FXstreet.com (Barcelona) - The Pound has gained upside momentum against the Dollar, and supported by possitive stock markets and Gold prices breaking above $100.00, the Pound has risen from levels below 1.6350 to hit 1.6415 at the European session opening and trades, at the moment of writing at 1.6395.

If the Pound manages to remain above 1.6380 (end August range high), next resistance level lies at 1.6445 (Sept 7 high), then 1.6505. On the downside, below 1.6380, support levels are 1.6325 intra-day low, and 1.6290/00 (Sept 4 low).