FXstreet.com (Barcelona) - Pound's upside attempt from 1.5920 low on Wednesday has been capped at 1.6015 on early European session, and the Pound has dropped back below 1.6000 to levels below 1.5965.

On the intra-day basis, the ecPulse.com analysis team observes the pair targeting 1.6045 and 1.6125 as long as 1.5920 remains intact: The ascend from yesterday till now is showing an intraday bullish technical pattern that points to the need to bullishly correct; starting from the breach of 1.5975 that targets 1.6045 and then 1.6125.

Resistance levels, according to the ecPulse.com analysis team, lie at 1.6045, 1.6085 and 1.6125. On the downside, support levels are 1.5975, 1.5920 and 1.5850.