FXstreet.com (Barcelona) - Pound's upward move from 1.6630 low on early Asian session has been capped at 1.6720 high on early European trade, and he pair has pulled down to 1.6635, giving away Asian sessions gains.

According to Stoyan Mihaylov, technical analyst at Deltastock.com, the Pound should remain above 1.6624 to maintain current positive bias: Crucial on the downside is 1.6658 and 1.6624, as if we see a break below 1.6624 it will signal, that a top is in place and the uptrend from 1.6380 is over.

Support levels, according to Miaylov, lie at 1.6658, 1.6624 and 1.6250. On the upside, resistance levels lie at 1.6746, 1.6840 and 1.6840.