FXstreet.com (Córdoba) - GBP/USD tumbled during the American session and fell from 1.6470 to 1.6325 (intra-day low). Cable recovered some strength and now trades at 1.6355/59, 0.43% below today's opening price. The pair is falling for the first time after five days in a row with gains but moved away from intra-day low.
The ecPulse.com analysis team affirms: •As for pound-dollar pair, it is consolidated as well due to technical movements and mixed sentiments (…) knowing that the pair may start to plunge slightly according to the four-hour stochastic oscillator.
The Pound failed to break an important support against the Euro. EUR/GBP trades back above 0.9120 after rebounding at the 0.9080 zone. The pair fell earlier to 0.9067, posting a 3-week low.