FXstreet.com (Buenos Aires) - Pound has recovered strongly after Feds' President Ben Bernanke dovish speech late in the U.S. session, yet rally was halted just under the 1.6460 level, weekly low during past November; GBP/USD quotes at 1.6455 early Asia, and likely to remain in ranges next session, as next Thursday, BOE meets to discuss monetary policy.

According to James Hyerczyk, from ForexHound.com, Pound is recovering after strong sell-off past night, while rebounded just above key 1.6287 zone: (Past Friday's) break stopped slightly above a major 50% retracement level at 1.6287 and two main bottoms at 1.6258 and 1.6245. A trade through 1.6258 turns the main trend down. Look for a retracement to 1.6573 to 1.6645 before new selling hits the market.

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