FXstreet.com (Barcelona) - Pound's decline from 1.6325 session high reached on early European session, has halted at 1.6215 and the Pair has remained moving from here to around 1.6250 during the last three hours.

On a wider perspective, the pair remains consolidation above 1.6130, with further depreciation on sight, according to Stoyan Mihaylov, technical analyst at Deltastock.com: Friday's test of the 1.6180 support failed and the pair is still in the consolidation pattern above 1.6130. Further depreciation is to be expected, towards 1.59+, but while 1.6167 holds there is a chance for one more test around the upper boundary at 1.6370.

Support levels, according to Mihaylov lie at 1.6230, 1.6130 and 1.5706. On the upside, resistance levels lie at 1.6316, 1.6460 and 1.6840.

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