FXstreet.com (Córdoba) - The Pound is consolidating gains across the board. GBP/USD is holding near intra-day high and trades around 1.5900, 0.66% above today's opening price action. The pair found support at 1.5875 and recovered from previous losses. Early in the day Cable fell to 1.5710 posting a 4-month low.
The ecPulse.com analysis team affirms: As for the pound-dollar pair, it is inclining but shows a tendency to slip to the downside according to the four-hour and one-hour chart momentum indicators, having the royal pound so far trading at 1.5918 recording a high of 1.5926 and a low of 1.5710 with a resistance at 1.5990 and a support at 1.5848.