FXstreet.com (Córdoba) - GBP/USD bottomed during the American session at 1.5920 and from there started to move to the upside but found resistance at 1.6000. The pair rebounded and fell to 1.5960. Currently it trades at 1.5970/75, 0.35% above today's opening price. The Pound is rising for the second day in a row against the Dollar but moved away from intra-day high at 1.6020.
The ecPulse.com analysis team affirms: As for the pound-dollar pair, it is climbing to the upside as well as the royal pound appeal is boosted by the current optimism spread, seeing the royal pound trading so far at 1.5980 recording a high of 1.6023 and a low of 1.5900 with a resistance at 1.6041 and a support at 1.5949, knowing that the pair may plunge considerably according to the four-hour chart momentum indicators.