FXstreet.com (Barcelona) - The Pound's rejection from intra-day high at 1.6567 against Dollar has found support at 1.6475 in the early American session with the pair rising from this level to trade above 1.6500 again, break 1.6535 (MA200 in hourly chart) and tests daily highs.
Currently the pair is trading around 1.6530/40, 0.30% above today's opening price action at 1.6481.
Valeria Bednarik, FXstreet.com provider, comments: Pair remains bearish, unable to regain the upside. Hourly charts are also giving bearish continuation signs, while 4 hours charts also support the bias. Key level remains the 1.0370 zone, as break under that level will confirm longer term falls.
Bendarik provides us with her levels: Support levels: 1.6440 1.6400 1.6370. Resistance levels: 1.6520 1.6550 1.6600.