FXstreet.com (Barcelona) - The GPB/USD is currently pressing on the 1.6101 support area after having fallen from a 5-day high at 1.6193. The 1.6101 area provided resistance earlier in today's European session.

The pound has gained almost 50 pips on the dollar over today's opening price at the time of writing.

According to FXstreet.com independent analyst Valeria Bednarik, while indicators are turning bearish, they are still far from giving signals while 20 SMA remains strongly bullish.