FXstreet.com (Barcelona) - Pound´s rally from 1.6345 session low has extended to a fresh 6-week high at 1.6590, and the Pound remains moving right below session high at the moment of writing.

On a longer term, Stoyan Mihaylov, technical analyst at Deltastock.com sees the Pound on the upside, targeting 1.6700: Yesterday's break above 1.6446 dynamic resistance cleared the road all the way up to 1.67+ levels. Current bias is still positive and aims to break above 1.6490 minor high, en route to 1.6612 and 1.67+. Crucial on the downside is 1.6327 low.

Resistance levels, at the moment, lie at 1.6590/10, and above here, 16660 (Sept 15 high and 1.6690. On the downside, support levels lie at 1.6330/45 (Oct 20 low/intra-day low), and below here 1.6305 and 1.6280.

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