FXstreet.com (Barcelona) - The Sterling has recovered its previous losses against the Dollar during the American session after rising from 1.6310 to hit jumps above 1.6400 and trade close to 1.6470. Currently the pair is trading around 1.6465/75, 0.20% above today's opening price action at 1.6425.
Support levels lie at 1.6310 (Dec 7 low) and below here, 1.6270 (Nov 27 spike low) and 1.6125 (Sept 30 high). On the upside, the resistance levels could be located at 1.6470 and above at 1.6515/20 (Dec 7 high/Dec 4 low) and 1.6560.
The ecPulse.com analysis team affirms: The trading range for today is among the key support at 1.6240 and the key resistance at 1.6500. The general trend is to the upside as far as 1.4840 remains intact with targets at 1.7200.