The cable continues with large movement started on October 28th, in which already gave us a fantastic rally of 215 pips so far.If we observe the daily chart, the pair benefited from the excellent numbers from the US Gross Domestic Product(GDP), which prompted the rise of riskier assets demand.The bands of Bollinger show a volatility of 144 pips in the hour, while the Stochastic shows buying signs, as well as the Relative Strength Index (RSI).

Pay attention to the pair, because if the trend stays to the upside, the next resistances are at 1.6501 and 1.6567, while the nearest supports, on the lower side, are found at 1.6458 and 1.6406 dollars per pound.