FXstreet.com (Barcelona) - Pound's decline from 1.5955 Asian session high has found support at 1.5825, and the Sterling has bounced back reaching levels above 1.5900 to be capped at 1.5990.
On a wider perspective, the Kshitij Consultancy Service Team, observes the Pound bearish prone to return to levelsd below 1.5900: Cable has risen sharply during the day. As mentioned earlier, if the current upside momentum continues, we might see a rise towards 1.61 or even 1.62 in the coming sessions/days. However, the overall picture continues remain bearish and we expect a pull back from 1.61-62 once again towards 1.5900-5850.
Resistance levels, according to the Kshitij Consultancy Service Team, lie at 1.6120-25, and above here, 1.6179 and 1.6270-80. On the downside, support levels are 1.5890, 1.5856 and 1.5800.