FXstreet.com (Barcelona) - The Pound has gone back and forth after better than expected U.S. GDP figures, jumping from 1.6465 to 1.6510, to drop afterwards to levels around 1.6470.

At the moment, the Pound trades right above Oct 28 high at 1.6465 with next resistance levels at 1.6510/25, and above here, 1.6575 and 1.6610. On the downside, support levels lie at 1.6435 intra-day low, and then 1.6285 (Oct 27 and 28 low) and 1.6250 (Oct 26 low).

Valeria Bednarik, collaborator at FXstreet.com points out to 1.6440 and 1.6520 as key levens on the short-term, at the U.S. GDP live Coverage: I expect Gbp to fall if under 1.6440 not before. Longer term perspective, needs to see the pair under 1.6250 to the upside short term 1.6520 long term 1.6700.

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