GBP-USD @ 1.5915/18...Max Low at 1.5892

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R: 1.5990-6014 / 1.6041 / 1.6079-94S: 1.5892 / 1.5804 / 1.5771

Cable has fallen further towards the lower end of the range mentioned in the morning. The BoE has kept the interest rate unchanged. If this Support at 1.59 holds, we might see it move towards 1.6050 during the next few sessions. A break of the Support would see the pair testing 55-week MA (1.5659) sooner than expected. For today, the Projected Max High and Low for the day is at 1.6079 and 1.5892 respectively.

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