FXstreet.com (Córdoba) - Dollar strengthened in the last hour across the board. Cable's recovery from 1.6755 found resistance at 1.6820. Then GPB/USD failed to hold above 1.6800 and fell to 1.6770. Currently the pair trades at 1.6775/80, 0.25% below today's opening price. The pair is falling after rising in the last two sessions.
The FastBrokers Research Team affirms: The GBP/USD faces light near-term historical resistance between present price and the psychological 1.70 level. In fact, we had to trace back to 2003 levels to find more substantial resistances. Hence, the Cable could be in for more extensive topside movements should fundamentals and U.S. equities cooperate. However, the Cable has drifted back below 11/09 highs, meaning there's a potential for downward forces to kick in.
Against the Euro, the Pound is rising further. EUR/GBP fell to 0.8835, posting a fresh 2-month low.