FXstreet.com (Barcelona) - Cable has risen around 90 pips from 1.4329 to 1.4421 in the American session. Currently, the pair is trading around 1.4395/1.4405 band.
Along today's session, GBP/USD has risen 0.36% from its opening price at 1.4360 and it has reached 1.4274 as lowest and 1.4432 as highest.
Yesterday, Cable rose 0.70% from 1.4258 opening price, reaching 1.4240 as minimum, and 1.4275 as maximum, to close the day at 1.4359.
According to Valeria Bednarik, Fxstreet.com collaborator, Cable is still bullish: Still slightly bullish, the 1.4440 strong zone has capped the upside for the moment. Candle formations along with momentum indicator suggest further losses for the next hours if the pair manages to break under the 200 EMA dynamic support around 1.4350.
Bednarik provide us with her levels: Support levels: 1.4350 1.4312 1.4258. Resistance levels: 1.4408 1.4440 1.4493