FXstreet.com (CÃ³rdoba) - Cable is extending gains during the American session. GBP/USD is accumulating an increase of more than 150 pips during the present session and recovered previous losses. The pair rebounded at 1.6375 and jumped to 1.6568; a few pips below intra-day high at 1.6594. The Pound was able to recover from early losses. The next resistance area lies at 1.6600.
Cable is also recovering against the Yen. GBP/JPY fell earlier to 153.60 and from there started to rise after the opening bell at Wall Street. So far, the pair topped at 155.50. But is still more than 150 pips below today's opening price.