FXstreet.com (Barcelona) - Pound's Pull down from intra-day high at 1.6665 has been hold at 1.6555 support area (Aug 12 high), and the pair has bounced to levels right below 1.6600 at the moment of writing.

According to Valeria Bednarik, collaborator at FXstreet.com, the Pound will remain on an upside bias while above 1.6560: Break above today's high, first resistance level to consider, around 1.6670, will send the pair to retest the 1.6720 area. Only under 1.6560 pair could trigger some downside corrections.

Below 1.6555, next support levels would be at 1.6480 (intra-day low) , and 1.6430 (Aug 10 and 11 low). On the upside, initial resistance area lies at 1.6600 and above here, 1.6620/30 (uptrend line from March low) and 1.6660 (Jun 3 high).