FXstreet.com (Barcelona) - The Pound has remained moving in a light downward trend after peaking at 1.6600 on Thursday, trading, at the moment of writing at levels right above session low at 1.6505.

According to the Swiss e Trade Strategy Team, the Pound us likely to continue moving from 1.6480 to 1.6590 during the rest of the day: Currently moving back in a slight down correction, priced right now at 1.6530 against the dollar. Here, too, a sideways market can be expected for today`s trading hours, moving between 1.6590 and 1.6480.

Support levels, at the moment might lie at 1.6485 (Oct 22 low), and below here, 1.6450/65 (previous week-high) and 1.6360. On the upside, resistance levels lie at 1.6600/10 (Oct 29 low) and above here, 1.6640 (Oct 21 and 22 high) and 1.6695 (Oct 23 high).