FXstreet.com (Barcelona) - Pound's bounce at 1.6390 low on European session has extended to levels above 1.6500 and the pair is trading above 1.6520 Tuesday's high on early U.S. session.

Above 1.6520, next resistance levels lie at 1.6590 (uptrend line from March lows and 1.6330. Support levels remain at 1.6500, and below there 1.6430 (Aug 10 and 11 low) and intra-day low at 1.6385.

According to Valeria Bednarik, collaborator at FXstreet.com, the pair should break above 1.6550 to confirm bullish continuation: Hourly indicators had turned bullish as the pair approaches to the mentioned zone, while current candle break above 20 SMA. Next resistance lies at yesterday's high of 1.6520, yet the pair must clearly break above 1.6550 to call for a bullish continuation.