FXstreet.com (Barcelona) - The Pound has bounced at 1.6105 low at European session opening and, fuelled By BoE Sentance's comments about UK GDP, the pair has rallied about 140 pips on European morning session to reach 1.6245 at the moment of writing.

According to the Kshitij Consultancy Service Team, Sterling's rally might be halted at 1.6269 or 1.6301 resistance levels: The 21-Week-MA at 1.6269 and the 100-DMA at 1.6301 are the significant immediate Resistance levels seen on the upside. We may expect these Resistances to hold in the US session today.

On the upside, above 1.6300 the pair would target 1.6400, according to the Kshitij Consultancy Service Team: Note that the projected Max-High for the day is 1.6259. However, a strong break above 1.6300 might see a rise once again towards 1.6400.